Popular Holdings Ltd for the first fiscal quarter ended 31 July 2008 reported that Group turnover grew from $113.3m for the same period of last year to $113.5m representing an increase of 0.3% whilst the Group profit before tax ("PBT") improved by 1.4% yoy from $11.6m to $11.8m. The increase in other operating expenses is mainly due to foreign currency translation loss arising from the appreciation of Singapore dollar in particular against Malaysian Ringgit and Hong Kong dollar.
Fabchem China Limited (the “Group”) expects lower profitability for the second quarter of FY2009, i.e from 1 July 2008 to 30 September 2008, as compared to the corresponding quarter in the previous financial year. This is due to the reasons as mentioned in their first quarter results announcement on 11 August 2008 with regards to the 2008 Beijing Olympics Games.
First REIT has signed a put and call option to purchase for S$42m a healthcare logistics distribution centre in Singapore, to be completed 3mths before July 2009. AUM under management will grow by 13% to S$368m, and contribution of income from Singapore assets would grow from 14% to 21%.
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