4 stories mentioning SGX:S44Updated 23d ago
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EnGro (SGX:S44) signed a sale and purchase agreement with Sieco Asia to acquire the remaining 20% stake in EnGro (Asia) for SG$45,000, according to a Friday filing with the Singapore Exchange.Following the transaction, EnGro (Asia) will become the building materials specialist's wholly owned subsidiary.The consideration will be paid from internal resources, the filing added.
EnGro (SGX:S44) recorded a 308% surge in profit attributable to owners for the first half to SG$35.3 million from SG$8.7 million a year prior.Earnings per share rose to SG$0.2972 from SG$0.0729 previously, according to a Thursday Singapore bourse filing.Revenue climbed 70% to SG$177.9 million from SG$104.5 million in the year-ago period.
Singapore shares were marginally up on Monday, despite broader regional losses as the US and Iran exchanged a series of strikes, sending oil prices surging.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,432.55 and 5,474.85 throughout the day. It ended the session at 5,470.34, up 1.05 points or 0.02% compared to Friday's close.On the corporate front, shares of Beverly Wilshire (SGX:9QX) slid nearly 13% at the close as its Chief Financial Officer, Chong Meng Fong resigned effective Sept. 30, to pursue other career opportunities.Mun Siong Engineering's (SGX:MF6) shares closed over 13% higher as its 49%-owned company, HIMS Integrated Services, bagged orders worth 148.2 million ringgit from PRefChem.Meanwhile, shares of EnGro (SGX:S44) surged over 13% at the close with the company expecting to report a "significant improvement" in its net profit during the first half of the year, compared with a year earlier.
EnGro (SGX:S44) expects to report a "significant improvement" in its net profit during the first half of the year, compared with a year earlier, according to a Friday filing with the Singapore Exchange.Attributable profit a year earlier skyrocketed 1,922% year over year to SG$8.7 million on the back of a 25% jump in revenue.Shares of the building materials manufacturer surged nearly 9% in Monday trading.The improved net profit is being attributed to higher sales volumes. The company is expected to disclose its financial statements on or before Aug. 14.
