Man Wah Holdings Limited recorded a revenue increase of 40.7% to HK $474.9 million as compared to HK$ 337.5 million due to expanding market share in North America and rising domestic sales in PRC of “Cheers” specialty stores. Cost of goods sold increased by 23.5% to HK$309.3 million as a result of higher sales. Gross profit margin rose to 34.9% from 25.8%. Profit for the period was HK$62.6 million.
Tiong Woon Corporation recorded gross profit for the Group that improved by 41% from S$39.7 million in FY 2007 to S$55.8 million in FY 2008. Profit before tax from its Trading segment for the year increased by 71% as compared to the previous financial year mainly due to better selling price of new equipment.
Wing Tai Holdings Limited (“the Group”) recorded a revenue of S$428.2 million as compared to S$981.6 million in the previous year. Net profit attributable to shareholders decreased from S$381.8 million to S$229.3 million in the current year as a result of the lower operating profit as well as lower fair value gains on investment properties
Temasek Holdings released its latest annual financial review for the year ended 31 March 2008. Temasek’s portfolio grew to S$185 billion, an increase of 13% from S$164 billion the previous year. On the back of a weaker US dollar, the value of Temasek’s portfolio grew 24% from US$108 billion to US$134 billion. Shareholder equity increased 26% to S$144 billion over the same period. The increase in portfolio size was partly due to a new capital injection of S$10 billion by the Minister for Finance (Incorporated),
TTL Holdings Limtied posted a turnover increase by about 10% or $3.8 million to $40.5 million as compared to $36.7 million in the last financial year. Group gross profit margin improved by 6% from 13% in FY2007 to 19% in FY2008. Profit before tax recorded $122k during the period under review as compared to a loss before tax of $4.53 million in the last financial year.
China Hongcheng Holdings showed a revenue increased by approximately RMB24.1 million or 18.0% from RMB133.5 million in 4Q2007 to RMB157.6 million in 4Q2008. Gross profit margin decreased from 27.7% in 4Q2007 to 22.7% in 4Q2008. The decrease was mainly attributable to the increase in sales portion of grey and dyed cotton fabrics which has a relatively lower profit margin. profit for the period decreased by approximately RMB10.9 million or 45.7% from RMB24.0 million in 4Q2007 to RMB13.1 million in 4Q2008
Asian Micro Holdings Revenue had increased by S$6.4 million to S$21.0 million in FY 2008 mainly due to the Group’s Natural Gas Vehicle (“NGV”) related business started during the financial year and the increase in revenue from the Group’s clean room packaging manufacturing business. Gross profit margin had decreased by 2.2% to 16.2% mainly due the depreciation of US$ against S$ during the financial year.
SOURCE: POEMS, SGX MASNET
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