SG Morning Highlights | CDL H1 Profit Falls 94.1% on Absence of Divestment Gains

Advancers / Decliners is 67 to 87, with 62.06 million securities worth S$92.26 million changing hands.

This was mainly due to the absence of significant divestment gains booked in H1 2022, as well as greater financing costs and impairment losses for its UK investment properties in the latest period, said the property developer on Thursday (Aug 10).

Earnings per share stood at S$0.066 for the first half, down from S$1.227 the previous year.

This came as the mainboard-listed group recorded slightly lower revenue and higher cost of sales, partially offset by higher interest income.

Earnings per share (EPS) stood at S$0.089 for the period, up from S$0.0806 in the same period last year, the group said in its financial results released late on Wednesday (Aug 9).

This is despite the food and beverage company having recorded a 3.8 per cent rise in sales revenue to 215.9 billion baht, from 207.9 billion baht in the year-before period.

The group's Ebitda performance takes into account the improvement in revenue, higher brand investment and cost pressures, it said in a business update on Wednesday (Aug 9) night.

This is despite a 23.4 per cent increase in revenue to S$325.9 million, from S$264 million a year ago.

In a bourse filing on Tuesday (Aug 8), Singapore Land said that the rise in revenue was driven largely by an increase in revenue from hotel operations, which rose 66 per cent to S$119.5 million. It noted that in the first quarter of 2022, the hospitality sector was still affected by Covid-19 restrictions.