Company Highlights

Aussino Group Ltd has sunk deeper into the red in the fiscal year ended June 30, 2012 with a net loss of $13.24 million. A year ago, the group posted a loss of $5.3 million. Turnover fell 9.9 per cent year-on-year to $46.54 million from $51.66 million. The group said on Wednesday that the drop in sales came mainly from China, where a huge increase in rental and labour costs made some of its stores and counters in China unprofitable. It has closed more than 20 stores and counters, and the loss of sales from such closures totalled some $4.9 million. (Source: BT)

Guocoland Limited on Wednesday reported a 47 per cent year-on-year increase in net profit to $62.99 million for the fiscal fourth quarter ended June 30, 2012, but nearly halved its full-year profit to $63.19 million from $122.01 million a year ago. The decrease in full year profit was mainly attributable to lower fair value gain from investment properties. The gain was $3.9 million for FY2012, down from $58.8 million a year earlier. Turnover in Q4 increased to $319.73 million from a restated $93.98 million a year ago, mainly due to higher revenue recognised from the group's Singapore residential projects and Shanghai Guoson Centre's office block. Full-year turnover slipped 1 per cent over the year to $678.5 million, mainly due to lower revenue from China, but this was offset by higher revenue from the progressive recognition of the Singapore's residential projects. (Source: BT)

Tai Sin Electric Limited said on Wednesday that its net profit for the fiscal year ended
June 30, 2012 rose 73 per cent from a year earlier to $18.19 million. Turnover rose 13 per cent to $279 million from $246.76 million, with the cable and wire segment recording a 11 per cent increase in revenue as a result of higher quantities of cables sold. Cast Laboratories Pte Ltd,which the group acquired in January 2012, contributed to 4.63 per cent, or $12.93 million, of the group's revenue for the year. The group received $1.89 million in insurance claims from the damage caused by the earthquake in Canterbury, New Zealand. (Source: BT)

An industrial site at Bukit Batok Street 23 has been awarded to Soilbuild Group Holdings Ltd, the Urban Redevelopment Authority (URA) said on Wednesday. Soilbuild submitted the highest bid of $32.33 million for the 15,011.1 square metre site with a maximum gross plot ratio (GPR) of 2.5. The tendered price works out to $861.44 per sqm of GPR. The site, which was offered for sale on a 30-year lease term and is zoned for Business 1 development, was launched for sale by public tender on June 27, 2012 and closed on Aug 22, 2012. (Source: BT)

Lum Chang Holdings Limited on Wednesday posted a 31 per cent year-on-year increase in net profit to $21 million from $16.02 million for the fiscal year ended June 30, 2012. Turnover rose 48 per cent to $282.89 million from $191.46 million a year ago, attributable to the commencement of revenue contribution from two construction projects, which reported revenues amounting to $118.3 million. Earnings per share for the year were 5.62 cents, up from 4.22 cents a year ago. However, the group cut its proposed final dividend to 1.25 cents per share, compared to a first and final dividend of 2.0 cents per share paid out a year ago. (Source: BT)

Dukang Distillers Holdings Limited on Wednesday reported a 30 per cent year-on-year rise in net profit to RMB218.09 million for the fiscal year ended June 30, 2012. Turnover increased 28.1 per cent over the previous year to RMB1.83 billion, thanks to an increase in revenue from Luoyang Dukang's operations. Overall gross profit margin for Dukang brand products increased to 41.4 per cent from 39.2 per cent a year ago, mainly from the launch of its premium Jiuzu Dukang product series. Full-year earnings per share rose to 27.32 fen from 23.12 fen a year ago. (Source: BT)