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SATS Q1 earnings up 29% on one-time disposal gain

EARNINGS for airport ground handling firm SATS grew 29.2 per cent in the first quarter, boosted by a one-time gain from the sale of property. The firm recorded net profit of S$64.1 million for the three months ended June 30, up from S$49.6 million a year ago. This translates to earnings of 5.8 cents per share. The robust growth was in spite of group revenue inching up by only 1.8 per cent to S$42...


Wong Fong Industries launches IPO on Catalist board

AS part of efforts to expand and diversify its business, Wong Fong Industries has launched its initial public offering (IPO) on the Catalist board. Registering its prospectus on Tuesday, the homegrown land transportation engineering systems provider announced its offer of 43 million placement shares, priced at S$0.23 apiece, raising a total of S$8 million in net proceeds. With a total issued shar...


SingPost to name new CEO by end of the year

Singapore Post expects to name a new chief executive at the end of the year, but the postal group was looking to a CEO with a "different profile" from that of Dr Wolfgang Baier - who quit last December - in its next phase of growth anyway, chairman Simon Israel said yesterday. SingPost's annual general meeting at Suntec City Convention and Exhibition Centre dragged into a three-hour affair as Mr...


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