First quarter 2013 results (Part 2)

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.)

Copyright © 2013, 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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