Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 301.88

-1.0%

Jan 14 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (55396)	11/13/2001 3:15:49 AM
From: StanX Long	Read Replies (1) of 70976

Tuesday November 13, 1:44 PM Centrepoint profit surges after project completions sg.news.yahoo.com SINGAPORE (Reuters) - Centrepoint Properties Ltd has reported a 32.5 percent surge in annual net profit to S$130.1 million ($71.3 million), boosted by launches of completed projects. Despite the flop of rival CapitaLand's SingMall Property Trust on Monday, Singapore-based Centrepoint said it plans to launch a Retail Mall Property Fund subject to regulatory approvals and shareholder approval. The timing of the launch will be subject to "favourable market conditions", it said in a statement on Monday. Three analysts polled by Reuters gave an average net profit forecast of S$100.5 million, with the estimates ranging from S$99 million to S$103.5 million, for the year to September 30. Centrepoint shares ended three cents higher at S$1.69 on Monday before the results announcement. Centrepoint, a subsidiary of soft drinks conglomerate Fraser & Neave, said revenues for the year rose 32.3 percent to S$542.82 million following "satisfactory" sales of development projects despite depressed market conditions and higher rental income from investment properties. Earnings per share were 17.3 Singapore cents, against 12.9 cents in the year-ago period. Centrepoint said it was "cautiously optimistic" of maintaining profits in the current year, although the fallout from the September 11 attacks on the United States and the slowdown in the global economy might dampen its performance. "However, the continuing benign interest rate environment and the effects of the October off-budget measures will mitigate the effects on the group's results," Centrepoint said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next