The Financial reporting season is soon coming to a close with
most of the big boys finishing their reporting. On thurs and Fri,
we saw some of the shipping companies posting their
results.
NOL Q2 earnings edge up 6%
NOL
Singapore, 11 August 2005: - Global transportation and logistics
company, Neptune Orient Lines (NOL), today reported net profits1 of
US$392 million for the first half (1H) of 2005, an 11% year-on-year
(YoY) increase. NOL achieved a second quarter (2Q) net profit of
US$196 million.
Revenues in the 1H rose 16% YoY to US$3.5 billion, with both the
Liner and
Logistics businesses registering revenue improvement. Core Earnings
Before
Interest Expense, Tax and Non-Recurring Items (EBIT) in the 1H
reached US$426 million, a 10% increase over the same period last
year.
Labroy Marines 1HFY2005 Net Profit Jumps 59% Y-O-Y to
S$27.5 million
SGX Ann't
- Turnover Up 23% at S$219.60m on Increased Shipbuilding
Orders
- Record Interim Net Profit on Higher Shipbuilding Margins
- Better Shipping Freight Rates in Coal and Offshore
Sectors
STELLAR RECORD-BREAKING YEAR FOR CHUAN HUP IN
FY2005
SGX Ann't
- Turnover rose 5.9% to US$107.6 million from US$101.6 million in
FY2004
- Net profit after tax and minority interests grew 56.2% to US$58.2
million from US$37.3 million in the previous year
- Earnings per share (EPS) on a fully diluted basis grew to 5.35 US
cents this year compared to 3.43 US cents previously
- 100% increase in dividend over FY2004. Total tax-exempt dividend
of 6 Singapore cents per share for FY2005.
AirOcean Q1 profit soars on revamp
SGX Ann't
AIROCEAN GROUP LIMITED POSTS 99.1% GROWTH IN NET PROFIT OF $1.29
MILLION ON A TURNOVER OF S$115.9 MILLION
Gross Margin grew to 12%
Express Courier recorded a turnover of S$4.0 million
Group expects to enjoy increased synergies and economies of
scale
Demand for logistics services in China continue to grow
Recently listed STX Pan Ocean reported last weekend that its
half-time profits had risen 21 per cent to US$192.1 million as
strong demand for dry bulk shipments boosted sales by 34 per cent
to US$1.5 billion.
Singapore Shipping Corp unveiled a five-fold surge in its
first-quarter net profit to $45.7 million from $7.4 million
previously, buoyed by one-off gains from the sale of several
vessels. The shipping group recorded a total gain of about $65
million, but recognised only $41.3 million of it in the first
quarter.
Samudera Shipping, meanwhile, saw its second-quarter earnings rise
more than four-fold to $23.2 million, from $5.6 million as topline
revenue grew 27.4 per cent to $173.4 million. This raised its first
half-earnings to end-June by more than four-fold to $44.5
million.
Shipping group Cosco Corporation (Singapore) more than doubled its
second-quarter and first-half net profits. The company's Q2 net
profit soared 108 per cent year-on-year to a record $39.4 million,
while H1 earnings jumped 115 per cent to $65.2 million.
Fantastic results from the shipping sector.
But is the industry peaking or is there room for more growth in the
engine? 
