SINGAPORE: Consider these three companies if you’re looking for Singapore stocks. They have recently raised their dividends, offering you more income potential, according to The Smart Investor.Tiong Woon, a key player in heavy lifting and service for sectors like oil and gas, saw strong results for the fiscal year 2024 ending June 30, 2024. Tiong Woon’s revenue grew 5% year-on-year in revenue to S$143.1 million, while gross profit grew by 9% to S$59 million.
Despite facing geopolitical concerns and cost pressures, Tiong Woon remains optimistic about future demand, particularly in regional markets such as India, Thailand, and Saudi Arabia.Australian firm Civmec, which provides construction and engineering services to sectors in energy, resources, infrastructure, and marine & defence, reported impressive results for FY2024.
Civmec has completed and started using its new maintenance facility in Port Hedland, which will boost its local maintenance services and strengthen its operations in the Pilbara region. The company also acquired an adjoining workshop in Gladstone, Central Queensland, to speed up the establishment of a permanent base and expand its services in the area.
The telecom company reported solid results for the first half of 2024 . Revenue, excluding D’Crypt, rose by 1% YoY to S$1.1 billion, with service revenue up 2.4% YoY to S$939.2 million. Net profit, excluding D’Crypt, increased 8.7% YoY to S$83.3 million. Free cash flow was S$101.6 million.
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