losses

Results

SembMarine reverses into the red with 4Q net loss of $77.7 mil, expects to book losses in FY20

SembMarine is expecting the trend of losses to continue into 2020 amid supply chain disruptions due to the Covid-19 virus outbreak which could affect execution of its projects, as well as intense competition across all business.

Company in the news

Hiap Seng Engineering suspends trading as losses continue; engages consultant to undertake financial review, assessment

SINGAPORE (Nov 28): Hiap Seng Engineering before market open on Thursday called for a trading suspension, citing concerns over the group’s ability to operate as a going concern.

Noble Group loses key bank support as DBS cuts lending

(Nov 13): Noble Group, the commodity trader fighting for survival, lost support from one of its key banks as Singapore’s DBS Group Holdings cut lending, according to a person with knowledge of the matter. Shares fell.

Results

Raffles Education 3Q losses widen 43% to $9.4 mil on lower revenue

SINGAPORE (May 9): Raffles Education reported net loss attributable to shareholders widened to $9.4 million for the 9M17 ended March from $6.5 million a year ago.
Cathay Pacific

Aviation & Engineering

Cathay Pacific seen reporting worst results in 8 years on rivals

SINGAPORE/BEIJING (March 15): In the three years Ivan Chu has been the chief executive officer at Cathay Pacific Airways Ltd., he has seen the marquee carrier’s stock become Asia’s worst performer on the Bloomberg World Airlines Index. He may have lit

Results

Cordlife sinks into the red in 1Q on absence of one-off gains

SINGAPORE (Nov 11): Cordlife Group posted $0.6 million in losses in 1QFY17, reversing from earnings of $7.3 million a year ago due to the absence of one-off fair value gains.

Results

Heeton sinks into the red in 3Q, incurs $11.3 mil in losses on disposal of iLiv@Grange

SINGAPORE (Nov 8): Property development and investment group Heeton Holdings has posted losses of $11.25 million for 3Q16, down 317.3% from $5.2 million of profits in the same quarter a year ago.

Broker's Calls

Just when you thought things couldn’t get any worse at SembMarine...

SINGAPORE (Oct 26): Sembcorp Marine’s announcement that it had sunk to a net loss of $21.8 million in 3Q while 9-month earnings of $44.5 million made up just 25% of consensus full-year earnings came as a surprise for market watchers already expecting a

FJ Benjamin enters watch-list after three straight years of losses

SINGAPORE (Sept 27): FJ Benjamin, the fashion and lifestyle retailer, has been placed on the Singapore Exchange watch-list after reporting three consecutive fiscal years of losses.

Novo Group's full-year loss narrows to US$16.3 mil

SINGAPORE (June 30): Novo Group, the steel trader and tin plate manufacturer, is still mired in the red as it ponders its next business.
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