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These 2 Companies Reported Quarterly Earnings Growth Recently

We’ve come to the tail-end of the earnings season.

As is common with every earnings season, there will be some real companies posting growth, some posting mixed numbers, and some experiencing declines.

So, which are the businesses that have recently shown growth? Let’s look at two of them:

iFAST Corporation Ltd (SGX: AIY) is the first company that we will look at in this article.

As a quick background, iFAST is an Internet-based investment products distribution platform that has a presence in Singapore, Hong Kong, Malaysia, China and India. It has two main business divisions – one that caters to consumers (B2C) and the other that caters to businesses (B2B)

Overall, the company reported a strong quarter due to growth of iFAST’s business and Asset Under Administration (AUA) during the period. Its AUA increased 21.1% year-on-year to hit a record high of S$6.81 billion, as at 30 June 2017.

Financially, quarterly revenue was up by 27.3% year-on-year whilst profit attributable to shareholders was up by 93% year-on-year to $2.2 million. Consequently, earnings per share rose from 0.44 cents last year to 0.84 cents this quarter.

For more information about the latest results, click here for the article written by my colleague, Sudhan.

Sheng Siong Group Ltd (SGX: OV8) is another company that announced positive results recently.

Sheng Siong is one of the largest supermarket chains in Singapore. The company’s network of 42 stores are primarily located at the heartlands of the island. The company was established in 1985 and listed in 2011.

Overall, Sheng Siong’s 2nd quarter FY17 result improved as compared to the same period last year, with all metrics delivering positive performance on a year-on-year basis. Revenue was up 6.8% year-on-year mainly due to new stores opening and store sales growth. Profit climbed by 6.1% year-on-year while earnings per share rose 5.9% from 1.01 cents in 2016’s second quarter to 1.07 cents this quarter. The company also continued to have a strong balance sheet with no debt.

For more information about the latest results, click here for the article written by my colleague, Chin Hui Leong.

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