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SembMarine Q4 net profit sinks 94.9% to S$5.9mOFFSHORE engineering group Sembcorp Marine saw net profit for the fourth quarter tumble 94.9 per cent to S$5.9 million from S$117.3 million a year ago on “continued low overall business volume”, impairment of an asset and accelerated depreciation costs. Read more at The Business Times.
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StarHub cuts dividends for FY2019 after Q4 earnings missSTARHUB is slashing its dividends for 2019, while earnings for 2018 fell below street forecasts. Read more at The Business Times.
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Malaysia Q4 GDP grows 4.7% y-o-y, in line with expectations[KUALA LUMPUR] Malaysia's economy expanded 4.7 per cent in the October-December quarter from a year earlier, ending four quarters of slowing growth on resilient private consumption and some recovery from supply disruptions in commodity-related sectors. Read more at The Business Times.
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YuuZoo narrows Q4 loss to S$3.1m; trading remains suspendedYUUZOO Networks Group Corp - previously known as YuuZoo Corp - narrowed its fourth-quarter losses mainly due to the absence of amortisation costs and the impairment of assets available for sale, according to unaudited financial results released late on Thursday night. Read more at The Business Times.
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Challenger Technologies Q4 net profit down 2% to S$5.7mCHALLENGER Technologies on Friday posted a 2 per cent decrease in net profit to S$5.7 million for the fourth quarter ended Dec 31, 2018. Read more at The Business Times.
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DBS Q4 net profit rises 10% to S$1.32bDBS Group Holdings reported a 10 per cent increase in net profit after one-off items to S$1.32 billion for the fourth quarter, up from S$1.19 billion the year before. While business momentum remained healthy, results were “dampened” by weakness in treasury markets income, the bank said in a regulatory announcement on Monday morning. Read more at The Business Times.
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