Stocks In Focus SG (ComfortDelGro, Olam, SATS) – 14/11/14
Related stocks: SGX:C52, SGX:O32, SGX:S58
ComfortDelGro Corporation post a 6 percent rise in revenue to $1 billion for the third quarter ended 30 September, underpinned by better performances across all segments except the bus station business. However, a larger hike in operating expenses narrowed its operating margin by 0.6 percentage points to 11.9 percent. Nonetheless, net profit grew 5.3 percent to $80.8 million. For the nine months, turnover and earnings expanded 9 percent and 8.1 percent to $3 billion and $219.8 million respectively.
Olam International recorded a 0.5 percent fall in sales to $4.3 billion in the first quarter ended 30 September, attributable to weaker sales volume in the food staples and packaged foods business, partially offset by better average selling prices in the edible nuts, spices and vegetable ingredients and confectionary and beverage ingredients segments. Consequently, net profit shrank 2.9 percent to $44.3 million.
SATS’ turnover for the second quarter ended 30 September shed 2.2 percent to $442.2 million, due to weaker results from its Japan subsidiary and loss of contributions from its Australian subsidiary, which was divested in July 2014. As a result, net profit declined 3.3 percent to $47.1 million. For the first half, top and bottom lines eased 1 percent and 4.7 percent to $877.4 million and $90.4 million respectively.
http://www.sharesinv.com
Related stocks: SGX:C52, SGX:O32, SGX:S58
ComfortDelGro Corporation post a 6 percent rise in revenue to $1 billion for the third quarter ended 30 September, underpinned by better performances across all segments except the bus station business. However, a larger hike in operating expenses narrowed its operating margin by 0.6 percentage points to 11.9 percent. Nonetheless, net profit grew 5.3 percent to $80.8 million. For the nine months, turnover and earnings expanded 9 percent and 8.1 percent to $3 billion and $219.8 million respectively.
Olam International recorded a 0.5 percent fall in sales to $4.3 billion in the first quarter ended 30 September, attributable to weaker sales volume in the food staples and packaged foods business, partially offset by better average selling prices in the edible nuts, spices and vegetable ingredients and confectionary and beverage ingredients segments. Consequently, net profit shrank 2.9 percent to $44.3 million.
SATS’ turnover for the second quarter ended 30 September shed 2.2 percent to $442.2 million, due to weaker results from its Japan subsidiary and loss of contributions from its Australian subsidiary, which was divested in July 2014. As a result, net profit declined 3.3 percent to $47.1 million. For the first half, top and bottom lines eased 1 percent and 4.7 percent to $877.4 million and $90.4 million respectively.
http://www.sharesinv.com
