Third quarter 2012 results (Part 2)

Companies had started reporting their financial results for the quarter covering 1 July to 30 September 2012 (Third 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 by the board of directors.

  Net Profits Y-o-Y Change Dividend
DBS $856 m + 12.0%  
CapitaLand $148 m + 85.1%  
SIA Engr $67.1 m – 5.7% 7.0 cents
SMRT $33.3 m – 2.2% 1.5 cents
Singapore Post $32.8 m +7.3% 1.25 cents

Note: All companies reported third quarter results except for SMRT, SIA Engineering, Singapore Post (second quarter results).

DBS Bank’s third quarter net profits rose 12.0 per cent over corresponding period last year on account of higher net interest income, higher net fee and commission income, and significantly lower allowance for credit and other losses. “For the nine months, net earnings grew 13% from a year ago to a record SGD 2.60 billion, with return on equity rising to 11.7% from 11.3%.” (DBS’ Press Statement)

CapitaLand turned in a positive performance after a negative growth in the second quarter. On a nine-month basis, total net profit was $667.6 m, a 15 per cent improvement over last year’s results. Performance is looking up for CapitaLand and this was reflected in upward movement of its share price.

Qtr 1 CapitaLand $133 m +31.3%
Qtr 2 CapitaLand $ 385.9 m – 3.3%
Qtr 3 CapitaLand $148 m + 85.1%

Net Profit growth of SIA Engineering and SMRT were negative, – 5.7% and – 2.2% respectively. Both companies declared interim dividends of 7.0 cents and 1.5 cents respectively.

Singapore Post did better than the corresponding period last year. Dividend declared was 1.25 cents.

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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