Amara Holdings – Weak 2Q 2015

Amara

The Singapore Tourism Board has moderated its forecast for 2015 to 15.5 million visitor arrivals. However, with the additional room supply in 2015, the hospitality sector could be challenging.

The launching of key initiatives such as a S$35 million partnership with Changi Airport Group and a S$20 million global marketing campaign aim to improve visitor arrivals.

Group revenue for 2Q 2015 decreased marginally by 3% to $19.1 million, from $19.7 million in 2Q 2014. This was due to absence of revenue from development property sold, partially offset against higher revenue from Hotel Investment and Management segment and rental income from investment properties in the Property Investment and Development segment. Read More

Challenger Technologies 2Q2015 Net Profit jumps 21%

ChallengerTechnologies_Business

Challenger Technologies 2Q2015 Net Profit jumps 21% on back of 3% increase in revenue.

Challenger has released its 2Q2015 results on 12th August 2015.

Revenue

The Group achieved revenue of $84.7 M for the three months ended 30 June 2015 (“2Q2015”), an increase of 2.5% or $2.1 M compared to the revenue of $82.6 M for the three months ended 30 June 2014 (“2Q2014”). The increase in revenue is primarily driven by higher contribution from IT products and services. Read More