Second quarter 2013 results (Part 3)

Companies were reporting their financial results for the quarter covering 1 April to 30 June 2013 (Second Quarter 2013).

The following table provides information on net profit attributable to shareholders for the quarter and year-on-year change between current period in 2013 against corresponding period of 2012.

  Net Profits Y-o-Y Change NAV Dividend
Singtel + $1,011m + 7.0% $1.51 Nil
StarHub $100m + 15.9% 69.5 cents * 5 cents
M1 $39m + 11.2% 40.6 cents 6.8 cents
Comfort Delgro $68m + 6.0% $0.97 3 cents
SBS Transit $3m – 30.6% $1.10 0.90 cent
SMRT + $16m – 55.2% 51.8 cents Nil

+ different quarter end other than second quarter

* NAV is for the company and not group

Telco companies

Telco companies continue to do well. Starhub’s net profit increased by 15.9%, followed by M1 at 11.2% and Singtel at 7.0%. M1 proposed interim dividend of 6.8 cents, StarHub at 5 cents. Singtel did not propose dividend for their first quarter ended 30 June 2013 just like in past year.

Transport companies

Both SMRT and SBS Transit whose operations are in Singapore, are doing poorly. Challenges faced by both are rising costs of operation without any change in fare increase. Fare increase has been suspended for nearly two years. The last fare revision was in October 2011.

Comfort Delgro however had net profit increased by 6%. Their overseas operation constitutes 38.9% of total revenue, which helps to cushion fall in SBS Transit’s net profit. Comfort Delgro is proposing interim dividend of 3 cents (last year’s was 2.9 cents).

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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