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Koon Holdings posts net profit of $10.7m for FY09 |
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Tags: Koon Holdings
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Written by The
Edge
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Wednesday, 27 January 2010 13:52 |
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Koon Holdings, one of Singapore’s largest civil engineering, reclamation and shore protection specialists, says net profit more than quadrupled to $10.7 million for the financial year ended Dec 31 2009 (FY2009) compared to FY2008.
Koon Holdings says it benefited from the rationalisation and streamlining exercise initiated in the second half of 2008. By successfully containing costs and better allocating resources, Koon was able to sharply improve gross profit margins from 3.1% to 12.5% in FY2009.
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Last Updated on Wednesday, 27 January 2010 13:59 |
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Hiap Hoe appoints Wyndham Group to operate hotels at Zhongshan Park in Balestier |
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Tags: Hiap Hoe
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Written by The
Edge
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Wednesday, 27 January 2010 13:27 |
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Niche property developer Hiap Hoe, and owner and manager of leisure and commercial properties SuperBowl Holdings, have through their 50-50 joint venture company, HH Properties, appointed Wyndham Hotel Management, Inc., to operate the two hotels located on the JV’s Balestier site. Wyndham Hotel Management is part of the Wyndham Hotel Group, which is the world’s largest hotel company with more than 7,000 hotels and 11 brands.
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Last Updated on Wednesday, 27 January 2010 13:28 |
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Yeo Hiap Seng Bhd unit in talks with Red Bull franchise holder Allswell after receiving termination notice |
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Tags: Yeo Hiap Seng Bhd.
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Written by The
Edge
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Tuesday, 19 January 2010 18:49 |
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Yeo Hiap Seng (Malaysia) Berhad says wholly-owned subsidiary Yeo Hiap Seng Trading Sdn Bhd has received a termination notice from Allswell Trading, the franchise holder of the energy drink Red Bull in Malaysia, for the sales and distribution of the beverage in Malaysia. Yeo Hiap Seng’s management says it is currently discussing the matter with Allswell.
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Last Updated on Tuesday, 19 January 2010 18:57 |
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SGX posts 1H10 profit of $165.8m |
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Tags: Singapore Exchange
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Written by The
Edge
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Monday, 18 January 2010 17:32 |
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Singapore Exchange (SGX) today announced a net profit of $165.8 million for the first half of its financial year 2010.
Excluding non-recurring items, net profit was 7% higher compared to 1H FY2009 ($159.2 million).
In the second quarter of the financial year 2010, excluding the non-recurring items, net profit of $77 million was 3% higher than a year ago. Operating revenue increased 6% to $324.0 million (1H FY2009: $304.9 million).
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Last Updated on Monday, 18 January 2010 17:46 |
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CapitaLand acquires 100% stake in Orient Overseas Developments for $3.1b |
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Tags: Capitaland
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Written by The
Edge
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Monday, 18 January 2010 17:13 |
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CapitaLand says its indirect wholly-owned subsidiary, CapitaLand China (RE) Holdings Co. (CCH) has signed a share sale and purchase agreement with Orient Overseas (International) Limited (OOIL) to purchase the entire 100% stake of Orient Overseas Developments Limited (OODL).
Under the deal, CCH will acquire a real-estate business with a portfolio of seven sites located in Shanghai, Kunshan and Tianjin for US$2.2 billion ($3.1 billion). OODL is a Hong Kong incorporated holding company and a wholly-owned subsidiary of OOIL. OOIL is listed on the HK stock exchange.
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Last Updated on Monday, 18 January 2010 17:18 |
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