Two Companies That Have Reported Positive Performances, Recently

A number of companies have reported their latest earnings.

Given that many companies are reporting their results at around the same time, I thought it might be useful to summarise the results in three separate buckets – positive, negative, mixed.

This should give us a quick overview of their performance.

Here are two that have delivered positive performances.

1. Thai Beverage Public Company Limited (SGX: Y92) is the one of the few that have reported a good performance.

As a quick background, Thai Beverage operates in four segments, namely, Spirits, Beer, Food, and Non-Alcoholic Beverages.

Overall, revenue was flat but profit was up sharply. The company’s net income benefitted from the recognition of a fair valuation gain on a financial asset of THB 8.5 billion. Without the valuation gain, Thai Beverage’s profit would still have been up 15% year-on-year

Segmental wise, spirit sales was up 4.5% year-on-year during the quarter, ending at THB 24.4 billion. The other 3 segments, namely beer, non-alcoholic beverage and food segment all saw lower sales revenue compared to a year ago.

As of 30 June 2017, Thai Beverage had THB 3.9 billion in cash and equivalents, and borrowings of THB 42.4 billion.

For more information about the latest result, please click here.

2. Centurion Corporation Limited (SGX: OU8) is the next company.

Centurion is one of Singapore’s largest workers and student accommodation owner-operators. It owns, develops and manages quality workers accommodation in Singapore and Malaysia, as well as student accommodation in Singapore, Australia and the United Kingdom (UK).

CEO Kong Chee Min said:

“The Group’s diversified portfolio of workers and student accommodation assets has achieved a strong set of results halfway through the year. We will build on this momentum and explore more opportunities to establish Centurion’s presence in the markets that we operate in and deliver greater value to our shareholders”

Quarterly revenue improved 23% year-on-year to $35.2 million, whilst quarterly net profit attributable to shareholders grew from 1.19 cents last year to 1.23 cents this quarter. As of 30 June 2017, Centurion had S$580.3 million in net debt, giving it a gearing ratio of 62% for the quarter. The firm calculates gearing ratio by taking borrowings and dividing it by total capital.

For more information about the latest result, please click 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.