Second quarter 2012 financial results (Part 2)

Companies had started reporting their financial results for the quarter covering 1 April to 30 June 2012 (Second Quarter 2012).

The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2012 against corresponding period of 2011. It includes information on dividend declared for the quarter by the board of directors.

Net Profits Y-o-Y Change Dividend
SIA $78 m + 73%
SIA Engineering $70.1 m + 2.9%
SGX $61 m – 23.2% 15 cents
SMRT $36.4 m + 4.7%
Raffles Medical $12.5 m + 7.1%

Note: SIA Engineering, Singapore Airlines and SMRT reported first quarter results.
Raffles Medical reported second quarter results.
SGX reported fourth quarter results

SIA’s net profit swung into positive territory this quarter from a loss in the fourth quarter of 2011/12. Increase in net profit over corresponding quarter of 2011/12 was also partly due to a low base previously when SIA was hit by low demand after Japan earthquake (April 2011). Its net asset value was $10.84.

SIA Engineering’s quarterly profit was 2.9% higher at $70.1 million.

Fourth quarter net profit for Singapore Exchange (SGX) declined 23.2% to $61 million due mainly to poor securities trading volume. For full year, net profit was down 1% to $291.8 million. SGX declared final dividend of 15 cents. Total dividend will be 27 cents (inclusive of interim dividend) similar to previous year.  At 27 cents and share price of $6.65, dividend yield comes to 4.06%.

SMRT’s net profit for the current quarter was up 4.7% at $36.4 million. This was better than the net profit of $13.9 million in the quarter before this.

Raffles Medical continued to do well. Profit increased 7.1% to $12.5 million.

Copyright © 2012, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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