Singapore Shipping Corp

Singapore Shipping Corp

Postby millionairemind » Thu Jul 31, 2008 9:27 am

S'pore Shipping Q1 profit down 32%

SINGAPORE Shipping Corp (SSC) said yesterday that net profit for the first quarter ended June 30, 2008, slipped 32.4 per cent to $1.48 million from $2.19 million in the previous corresponding quarter. Revenue also fell 22.5 per cent to $2.5 million from $3.28 million. Earnings per share fell from 0.5 cent to 0.3 cent. The drop in profit was attributed mainly to lower income from ship-owning due to the weakening of the US dollar against the Singapore dollar, off-hire of a vessel for drydocking and higher vessel operating costs.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Singapore Shipping

Postby millionairemind » Wed May 26, 2010 6:04 pm

May 26, 2010, 5.47 pm (Singapore time)

SSC returns to profit in FY2010
By ANGELA TAN

SINGAPORE - Singapore Shipping Corporation Limited (SSC) reported on Wednesday a net profit of $4.08 million (US$2.88 million) for the full year ended March 31, 2010 compared to a net loss of $3.50 million a year ago.

Net profit for the last quarter however fell 96.3 per cent to $43,000 compared to $1.15 million a year ago.

Revenue for Q4 decreased by $1.4 million or 42.8 per cent to $1.88 million, compared to Q4 2009 due to the sale of a vessel in December 2009.

As a result, revenue for the full year slipped 3.2 per cent to $11.36 million.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Singapore Shipping

Postby millionairemind » Fri Jul 30, 2010 12:43 pm

Published July 30, 2010

Singapore Shipping profit for Q1 dives 66%

By LYNN KAN

SINGAPORE Shipping Corporation (SSC) recorded a 66 per cent dive in net profit to $450,000 for the first quarter ended June 30 despite a surge in revenue.

The group posted a 51.5 per cent rise in revenue to about $4.66 million from the comparable period the year before.

The revenue contributed by MV Boheme - a US$50 million pure car truck carrier it purchased in April - was partially offset by the loss of revenue from a vessel disposed in December last year.

Earnings per share was 0.1 cent, down 0.2 cent from the previous year.

But while SSC saw a 179.6 per cent rise in net profit to $1.3 million from its ship owning and management segment, it saw a sharp 99.4 per cent, or about $1.02 million, drop in finance income to just $6,000.

The chief cause was the absence this time round of a $836,000 'net change in fair value of disposed/ outstanding financial assets held-for-trading' which it recorded in the year-ago quarter.

Additionally, the group recorded interest expense on bank borrowing of $188,000 and $292,000 upfront fee on bank borrowing. It funded the purchase of MV Boheme via internal resources and bank borrowings.

The group declared no dividend this quarter.

SSC also announced the appointment of Ng Jui Ping as independent director. The former Chief of Defence currently heads his own business consultancy - August Asia Consulting.

Executive chairman of SSC Ow Chio Kiat said: ' Jui Ping's appointment will further strengthen our board and contribute positively to SSC, as we continue to assess opportunities to grow our core businesses.'

SSC shares closed up half a cent at 28 cents yesterday.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
User avatar
millionairemind
Big Boss
 
Posts: 8183
Joined: Wed May 07, 2008 8:50 am
Location: The Matrix

Re: Singapore Shipping Corp

Postby winston » Thu May 24, 2012 8:19 am

not vested

Singapore Shipping Corp said its fourth quarter net profit rose 43.8 percent to $2.1 million from a year ago, helped by a 19.7 percent rise in revenue.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118520
Joined: Wed May 07, 2008 9:28 am

Re: Singapore Shipping Corp

Postby behappyalways » Wed Nov 22, 2017 3:59 pm

singapore-shipping-corps-2q-earnings-41-32-mil
https://www.theedgesingapore.com/singap ... -41-32-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore Shipping Corp

Postby behappyalways » Wed Jun 20, 2018 3:55 pm

Singapore Shipping Corp posts 60% surge in 4Q earnings to $3.5 mil on higher revenue
https://www.theedgesingapore.com/singap ... er-revenue
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore Shipping Corp

Postby behappyalways » Sat May 25, 2019 6:43 pm

Singapore Shipping Corp FY19 earnings edge up 1.4% to US$10.6 mil
https://www.theedgesingapore.com/singap ... -us106-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore Shipping Corp

Postby behappyalways » Wed May 27, 2020 4:40 pm

Singapore Shipping Corp FY20 earnings decline 10.6% to $13.1 mil
https://www.theedgesingapore.com/capita ... 06-131-mil
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore Shipping Corp

Postby behappyalways » Sat May 28, 2022 2:41 pm

Singapore Shipping Corp sees 10.2% higher earnings despite lower revenue from ship owning business
https://www.theedgesingapore.com/news/r ... hip-owning
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm

Re: Singapore Shipping Corp

Postby behappyalways » Mon Nov 13, 2023 5:44 pm

Singapore Shipping Corporation reports 7.7% earnings increase to US$4.5 million in 1HFY2
https://www.theedgesingapore.com/capita ... lion-1hfy2
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39906
Joined: Wed Oct 15, 2008 4:43 pm


Return to S to T

Who is online

Users browsing this forum: No registered users and 5 guests