Chip Eng Seng Corp:in the first quarter, buoyed by its lynchpin property development business. Net profit came in at S$11.3 millon for the three months to March 31, up from S$6.12 million in the same period the previous year. Revenue swelled by 34.2 per cent year on year, to S$267.3 million, driven by increased completion of the Grandeur Park Residences project in Tanah Merah and Park Colonial in Woodleigh. Earnings per share rose to 1.8 Singapore cents, from 0.99 cents previously.
BreadTalk chalked higher turnover in its bakery, food atrium, restaurant and other divisions. EPS stood at 0.23 Singapore cent, up from 0.21 cent previously. No dividend was recommended, unchanged from the previous year. BreadTalk closed at S$0.835, down by 1.5 Singapore cents or 1.77 per cent before the results were released.Higher contributions due to new outlets opened boosted Koufu's first-quarter top and bottom line.
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