SINGAPORE - The following companies saw new developments that may affect trading of their securities on Friday :
OUE Limited: The property developer's third-quarter net profit surged to $124.1 million, almost 60 times that of the $2.1 million net profit for the year-ago period due to higher earnings before interest and taxes and a one-off non-cash gain of $90.9 million arising from the merger of OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust. For the quarter ended Sept 30, earnings per share was 13.77 cents versus 0.23 cent. OUE Limited shares closed unchanged at $1.
Fragrance Group: The property developer on Thursday night posted a net profit of $98.4 million for the third quarter, 41 times the $2.4 million profit in the year-ago period, largely thanks to fair value gain on an investment property. This was despite revenue tumbling 64.6 per cent for the quarter. Shares of Fragrance were down 0.1 cent or 0.8 per cent to 12.6 cents at Thursday's close, before the results were released.
UOB Kay Hian: The brokerage on Thursday posted a 14.7 per cent increase in net profit to $20.3 million for its third quarter ended Sept 30, as higher trading volume and retail participation across its main regional markets boosted turnover. Total revenue rose 12.4 per cent to $93.7 million, but after including foreign exchange gain, total income was essentially 14.2 per cent higher year-on-year at $97.5 million. The counter closed flat at $1.22 on Thursday.
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