Singapore companies in focus on Friday, 18 February 2022:
- Genting Singapore posts 2021 net profit more than doubled despite 2H Covid restrictions
- SembMarine: Johan Castberg FPSO project delivered to Equinor
- Challenger Technologies posts 2021 net profit fell 24 percent
Others: UOB, Sasseur REIT, Singapura Finance and Tee International.
This item was originally published on Friday, 18 February 2022 at 12:54 a.m. SGT; it has since been updated to include UOB, Singapura Finance and Sasseur REIT.
Casino-resort operator Genting Singapore reported Thursday its 2021 net profit more than doubled to S$183.35 million despite the Singapore government imposing fresh measures in the second half to stem the spread of the Covid-19 virus.
Sembcorp Marine said Thursday it has completed its portion of the Johan Castberg FPSO (Floating, Production, Storage and Offloading) vessel and has delivered it to Equinor.
UOB said Friday its Sydney branch has priced A$900 million five-year senior unsecured floating rate notes due 2027.
China outlet mall investor Sasseur REIT reported Friday its entrusted management agreement (EMA) rental income for the fourth quarter fell 0.5 percent on-year to 158.4 million yuan, as outlet sales were lower.
Challenger Technologies reported Thursday its 2021 net profit fell 24 percent on-year to S$17.80 million on reduced Covid-related government support and higher operating expenses.
Singapura Finance reported Friday its profit after tax for 2021 jumped 102 percent on-year to S$9.62 million, mainly on higher net interest income and hiring charges and lower impairment allowances on loans.
Singapore Exchange Regulation (SGX RegCo) said Thursday it has begun an investigation of potential listing rule breaches by Tee International, and has reported the matter to authorities for potential offences under the Securities and Futures Act.
SIA Engineering, Astaka, Broadway Industrial and others
Singapore company briefs: Luminor Financial Holdings, SIA Engineering, Astaka Holdings, Broadway Industrial Group and Shinvest Holding.