"Straits Times" : Ley Choon returns to black for FY2017, posts Q4 profit of $3.7m, Companies & Markets News & Top Stories
SINGAPORE - Construction group Ley Choon Group Holdings swung to a fourth-quarter net profit of S$3.7 million from a net loss of S$13.5 million in the corresponding period a year ago. The group also successfully concluded its renounceable non-underwritten one-for-one rights issue on May 18, 2017, which raised total net proceeds of S$8.6 million. This was achieved on the back of a 24.6 per cent rise in revenue to S$29.2 million for the three months to end-March, 2017. The revenue improvement was due mainly to higher income recognised from its contracts carried out by its pipes and roads business segment, which was sufficient to offset the lower revenue recognised from the contracts for its construction materials segment. After five sequential quarters of profitability, the Catalist-listed company also returned to full year profitability with net earnings of S$17.7 million from a net loss of S$60 million a year ago.
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May 29 Investore Property Ltd* FY profit after income tax of NZ$28.5 mln, up NZ$17.0 mln on forecast* 5.35CPS cash dividend for FY17* 2.06CPS cash dividend for quarter ended 31 March 2017, with 0.5404CPS imputation credits attached* Targeting annual cash dividend for FY18 of 7.46CPS Source text for Eikon: Further company coverage:
NEW DELHI: Realty firm Omaxe Ltd today reported 55 per cent decline in its consolidated net profit at Rs 12.98 crore for the fourth quarter of 2016-17.Its net profit stood at Rs 29.03 crore in the year-ago period, the Delhi-based developer said in a statement.Income from operations rose by 20 per cent to Rs 451.92 crore for the quarter ended March from Rs 376.11 crore in the corresponding period of the 2015-16 fiscal.During the full 2016-17 fiscal, the company's net profit went up by 32 per cent to Rs 101.9 crore from Rs 77.09 crore in the previous year.Total income from operations stood at Rs 1,626.75 crore in the 2016-17 fiscal, up 17 per cent from Rs 1,385.73 crore during financial year 2015-16. "Since, Omaxe major thrust areas are tier II and III cities, the company has been performing better than the industry, he added.During the financial year 2016-17, Omaxe booked 3.20 million sq.ft of space valued at Rs 946 crore and delivered 5 million sq.ft at various locations. Omaxe Chairman and Managing Director Rohtas Goel said the real estate sector is "slowly witnessing steady recovery in the aftermath of demonetisation and as has been the case for some time now, tier II and III cities continue to outperform metros.
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collected by :Jack Luxor
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BRIEF-Investore property posts FY profit after income tax of NZ$28.5 mln
May 29 Investore Property Ltd* FY profit after income tax of NZ$28.5 mln, up NZ$17.0 mln on forecast* 5.35CPS cash dividend for FY17* 2.06CPS cash dividend for quarter ended 31 March 2017, with 0.5404CPS imputation credits attached* Targeting annual cash dividend for FY18 of 7.46CPS Source text for Eikon: Further company coverage:
Omaxe posts Q4 profit down 55 per cent at Rs 12.98 crore
NEW DELHI: Realty firm Omaxe Ltd today reported 55 per cent decline in its consolidated net profit at Rs 12.98 crore for the fourth quarter of 2016-17.Its net profit stood at Rs 29.03 crore in the year-ago period, the Delhi-based developer said in a statement.Income from operations rose by 20 per cent to Rs 451.92 crore for the quarter ended March from Rs 376.11 crore in the corresponding period of the 2015-16 fiscal.During the full 2016-17 fiscal, the company's net profit went up by 32 per cent to Rs 101.9 crore from Rs 77.09 crore in the previous year.Total income from operations stood at Rs 1,626.75 crore in the 2016-17 fiscal, up 17 per cent from Rs 1,385.73 crore during financial year 2015-16. "Since, Omaxe major thrust areas are tier II and III cities, the company has been performing better than the industry, he added.During the financial year 2016-17, Omaxe booked 3.20 million sq.ft of space valued at Rs 946 crore and delivered 5 million sq.ft at various locations. Omaxe Chairman and Managing Director Rohtas Goel said the real estate sector is "slowly witnessing steady recovery in the aftermath of demonetisation and as has been the case for some time now, tier II and III cities continue to outperform metros.
read more visit us profit
collected by :Jack Luxor
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