ST Engineering Aerospace and Electronics Balance Up Weak Marine Sector

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ST Engineering announces its third quarter 2015 results on 6th November 2015. Revenue fell 3% to $1.50 billion from $1.55 billion as compared to the same quarter last financial year. Profit Before Tax (PBT) is expected to be lower than 2014.

ST Engineering 3Q 2015 Results

Revenue By Sector

Aerospace

The revenue for the Aerospace sector is $506 million, up 8% as compared to 3Q2014.

The was due to higher engines output in the Component/Engine Repair & Overhaul business group that
was partially offset by lower revenue from the Aircraft Maintenance & Modification business group. Read More

Parkway Life REIT DPU Increases for 3Q 2015

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Parkway Life REIT announces its results for the third quarter of 2015 (3Q 2015) on 5th November 2015. Distribution Per Unit (DPU) increases 15.6% to 3.36 cents from 2.90 cents as compared to same quarter last year.

Key Financial Indicators

Gross revenue increased 2.5% to S$26.0 million from $25.3 million. According to the press release, the higher revenue was primarily from higher yielding properties acquired from the asset recycling initiative and higher rent from the Singapore properties.

Net property income increase 2.4% to S$24.3 million from S$23.7 million.

As mentioned in the press release, the adverse impact from  the depreciation of the Japanese Yen has been mitigated as Parkway Life REIT has hedged its Japan net income for the next few years. Read More