Companies were reporting their financial results for the quarter covering 1 Jan to 31 March 2013 (First Quarter 2013).
The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2013 against corresponding period of 2012.
|Net Profits||Y-o-Y Change||NAV||Dividend|
|CapitaLand||$188.1 m||+ 41.2%||$3.61||Nil|
|City Dev||$137.6 m||– 12.2%||$8.20||Nil|
|Keppel Land||$96.6 m||– 31.9%||$4.11||Nil|
|UOL||$71.6 m||– 15.0%||$8.12||Nil|
|Singtel *||$868.2 m||– 32.6%||$1.50||10 cents|
|StarHub||$91.2 m||+ 3.2%||$0.08||5 cents|
|M1||$41.0 m||+ 1.8%||$0.434||Nil|
|Keppel Corp||$356.9 m||– 52.5%||$5.33||Nil|
|SembCorp Ind||$176.8 m||+ 0.1%||$2.62||Nil|
|Semb Marine||$118.7 m||+ 5.0%||$1.216||Nil|
|Comfort Delgro||$57.7 m||+ 7.9%||$0.99||Nil|
|SBS Transit||$2.8 m||– 41.6%||$1.12||Nil|
|SMRT||– $12 m||– 186%||$0.505||Nil|
* Singtel releases Quarter4 results
CapitaLand, City Developments, Keppel Land, UOL
Only CapitaLand increased its profit over the same quarter of 2012. The other three property developers reduced their net profit figures over previous year.
CapitaLand recorded increase in net profit for the quarter on account of better sale of Singapore and China residential properties. In Singapore, it sold more D’Leedon units after discounts were given to buyers.
Singtel, Starhub, M1
For the same quarter ended 31 March 2013, net profit for Singtel was down 32.6% year-on-year, whereas StarHub and M1 increased their net profit figures (+3.2% and +1.8% respectively).
Keppel Corp, SembCorp Industries, SembCorp Marine
Results of Keppel Corp and Keppel Land for 1st quarter 2013 was affected by the absence of one-time gain on sale of substantial property units of Reflections at Keppel Bay that was recognised in 1st quarter of 2012. Net profit declined 52.5% for Keppel Corp and 31.9% for Keppel Land.
SembCorp Industries and Sembcorp Marine managed to produce positive results improving their net profit figures (+0.1% and +5.0% respectively).
Comfort Delgro, SBS Transit, SMRT
Comfort Delgro turned in good performance for the quarter, increasing net profit by 7.9%. For public transport in Singapore space, SBS Transit and SMRT continued to disappoint shareholders. (See my previous post on SMRT results.)
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