Latest Quarterly Performance – 2 Companies Delivered Mixed Results

In the latest earning seasons, we saw both the winners and the losers amid the challenging economic conditions.

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

So, which are the businesses that have recently posted mixed results? Here are two of them:

CapitaLand Limited (SGX: C31) is the first on the list of mixed bags.

As a quick introduction, Capitaland is a real estate developer and owner and is one of the largest companies in Singapore’s stock market. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes.

As a whole, revenue was down 12.3% year-on-year due to lower contribution from development projects in Singapore, which was slightly offset by higher contribution from development projects in China and higher rental income from newly acquired/opened properties.

Yet, Profit After Tax and Minority Interests (PATMI) for 2Q 2017 was at S$579.3 million, a 97% rise as compared to 2Q 2016. Excluding gains from divestments, revaluations and impairments, PATMI for 2Q 2017 went up by 20.5% year-on-year to $206.8 million.

As for its outlook, this is what the company had to say:

“We will continue to reconstitute our portfolio by realising value of optimised assets and to redeploy capital to higher yielding assets and ventures. The positive momentum of our mall’s network expansion as well as Ascott’s global platform will provide key data points on the flow of people, businesses and capital for us to make major capital deployment decisions.”

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

BreadTalk Group Limited (SGX: 5DA) is the next company that has reported mixed performance recently.

As a quick introduction, Breadtalk is a food company that has three main business segments: Bakery, Restaurant, and Food Atrium.

Overall, revenue came down but profitability was up for the quarter. The lower revenue was due to weaker performance in bakery and atrium segments, offset partially by stronger performance in the restaurant business. Profitability was up mainly due to the expansion of margins in atrium segment.

Focusing on the numbers, revenue was down 1.5% year-on-year to S$147.6 million and net profit rose 61.9% to S$2.1 million, resulting in an increase in earnings per share from 0.46 cents to 0.75 cents.

In terms of outlook, this is what the company had to say:

“The Group remains on course to consolidate underperforming operations and expand its footprint in high performing markets. While new outlet openings remain at a cautious pace, the Group will continue to focus on improving overall profitability and quality of earnings for FY 2017.”

For more information about the latest result, please 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. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.