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Here Are 2 Companies That Recently Reported Growth in Their Latest Quarterly Results

Photo credit: Rafael Matsunaga. Licence: http://creativecommons.org/licenses/by/2.0/

It is the earnings season again!

As is common with every earnings season, there will be some companies posting growth, some companies posting flat numbers, and some companies experiencing declines. So, which are the companies that have recently reported growth in their latest results? Let’s look at two of them:

1. Singapore Technologies Engineering Ltd (SGX: S63) released its earnings for the year ended 31 December 2016 last week.

The engineering conglomerate saw its revenue for the fourth quarter of 2016 inch up by 2% year-on-year. There was stronger growth in the bottom-line – ST Engineering’s net profit jumped by 21% compared to the fourth quarter of 2015.

ST Engineering has four main business segments, namely, Aerospace, Electronics, Land Systems, and Marine. The reporting quarter saw broad-based growth as all the segments, except for Marine, delivered a higher profit.

The company’s performance in the fourth quarter contributed to a positive 2016, as both revenue and free cash flow grew in the year. Regarding its future, ST Engineering expects its revenue in 2017 to be “comparable” to 2016. The company also expects its profit before tax to be higher.

2. 800 Super Holdings Ltd (SGX: 5TG) is the next company I have and it released its latest quarterly earnings two weeks ago.

During the quarter ended 31 December 2016, the company saw its revenue step up by 3.4% year-on-year on the back of new contracts signed and revised pricing on renewed contracts. Meanwhile, better management of costs led to a 111% spike in profit.

800 Super is an environmental services provider for both the public and private sectors in Singapore. The company’s services include waste disposal, cleaning and conservancy, and landscape services. Put simply, 800 Super is a company that helps keep Singapore clean and green.

Commenting on its future, 800 Super said: “The development of the WTE [waste-to-energy] plant at Tuas South is in-progress and remains on track for completion in the second quarter of 2017. Upon its completion, the WTE plant will supply green electrical energy to the depot and the to-be-completed material recovery/sludge treatment facility, generating new revenue streams and cost savings to the Group.”

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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.