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These 3 Companies Have Recently Announced Improvements In Their Financial Performance

As the earning season draws to a close more companies have recently announced their latest quarterly performances.

But given that so many companies are announcing their quarterly report at around the same time, I thought it might useful to provide a quick summary of companies that reported strong quarterly performance last week.

CapitaLand Limited (SGX: C31) is a real estate developer and owner. It is one of the largest companies in Singapore’s stock market with as market value of S$12.95 billion.

Overall, the company delivered a strong performance with improvement in revenue, net profit and earnings per share, due to strong residential sales in Singapore, China and Vietnam.

The company has also improved its balance sheet strength with higher cash and lower debt, as compared to last year. My colleague, Esjay has written an article here on the company’s latest performances. Some key numbers worth paying attention are the 27.7% year-on-year growth of revenue, the 28.4% year-on-year growth in net profit and the 25% growth in EPS year-on-year.

Wilmar International Limited (SGX: F34) has also reported a good performance. Wilmar is an agricultural company that operates through four main segments: Tropical Oils, Oilseeds and Grains, Sugar, and Others.

Overall, the company reported a strong quarter mainly due to higher commodity prices. As a result, both revenue and net profit have improved, as compare to last year. This is a turnaround after the challenging second quarter.

In term of financials, revenue improved 4.1% year-on-year to USD$11.1 billion. Similarly, profit attributable to shareholders surged 46.6%, while earnings per share jumped by 47.6% year-on-year. For more information about the latest result, please click here for the article written by my colleague Esjay.

First Resources Ltd (SGX: EB5) reported its third-quarter earnings results last week as well. The company is an integrated palm-oil player with 190,000 hectares of oil palm plantations across the Riau, East Kalimantan and West Kalimantan provinces of Indonesia.

According to my colleague Chin Hui Leong’s summary, First Resources saw its revenue and profit increase for the reporting quarter. The oil palm producer also produced positive free cash flow and had improved its balance sheet compared to the end of 2015.

In term of numbers, third-quarter revenue was up 41% to USD$152 million, resulting in a 29% increase in net profit to USD$38.3 million. Consequently, earnings per share (EPS) grew 26% year-on-year to US$0.0226.

First Resources had US$217.6 million in cash and US$484.5 million of debt. At the end of last year, it had US$205.4 million in cash and bank balances and US$495 million in debt.

For other companies that have reported strong performances in this season, please click here and here.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.