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PIL’s Revenue Hit All-Time High for FYE 2021

indie
8 minutes

HONG KONG, Feb 25, 2022 - (ACN Newswire via SEAPRWire.com) - Pentamaster International Limited ("PIL" or "the Group") which is listed under the Main Board of The Stock Exchange of Hong Kong Limited announced its financial results for the year ended 31 December 2021 today. The Group hit a new record in its 2021 revenue, registering at MYR508.1 million, whilst its net profit stood at MYR116.7 million for financial year ended 2021; marking an improvement of approximately 21.4% and 2.5% respectively from the corresponding period last year.the performance of the respective operating segments, which includes elements of the inter-segment transactions during the yearThe overall performance of the Group recovered commendably in 2021, with growth driven by improved contributions from both the ATE and FAS business segments with each segment accounted for approximately 70.1% and 29.9% of the total Group's revenue, as compared to 2020 of 67.6% and 32.4%, respectively.ATE segmentWith a revenue contribution rate of 70.1%, the ATE segment continued to contribute the larger portion of the Group's overall revenue and profit. After witnessing a decline in revenue last year, total revenue from this s...

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HYPEBEAST LTD. (0150.HK) Ventures Into New Interest Areas Amid Strong Growth Dynamics

indie
4 minutes

HONG KONG, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - The board of directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group's unaudited key financial results for the three months ended 31 December 2021 ("FY2022 Q3"). The Group started the Financial Year on a high note and continued momentum in FY2022 Q3 with a strong emphasis on realizing strategic and geographical expansion initiatives to capitalize on new business opportunities. In particular, the Group has executed a multi-layered diversification strategy, including content generation in new interest areas such as art and sports, the continued expansion of advertising capabilities offered by the Group's Media segments, and product expansion on the E-Commerce and Retail segments, all of which have energized existing consumers and paved the way for future business growth.As the trend towards digital channels continues, the Group has made a corresponding greater shift in marketing and advertising budgets from traditional marketing channels to digital and online channels, and the Group expects to benefit from this dynamic operating environment. The Group's existing strategies and a favorable operating envi...

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PIL Announced Nine Months 2021 Results, with Quarterly Revenue Chalking New Height

indie
5 minutes

HONG KONG, Nov 1, 2021 - (ACN Newswire via SEAPRWire.com) - Pentamaster International Limited ("PIL" or "the Group") which is listed under the Main Board of The Stock Exchange of Hong Kong Limited announced its interim financial results for the nine months period ended 30 September 2021 ("9M2021") today. The Group recorded a new record in its quarterly revenue, with 9M2021 revenue stood at MYR385.7 million and its net profit stood at MYR86.4 million, marking an improvement of approximately 25.1% and 9.2% respectively from the corresponding period last year.9M 2021 Financial highlightsKey business unit revenue and trendRevenue by customer's segmentFor the nine months ended 30 September 2021, the Group's revenue was contributed by both the ATE and FAS segments, with each constituting approximately 70.0% and 30.0% respectively of the Group's revenue during the Period. The ATE segment recorded an increase in revenue by MYR68.1 million to MYR271.4 million for the nine months ended 30 September 2021 as compared to the Previous Corresponding Period. The ATE segment, was predominantly contributed by the electro-optical segment and the automotive segment. While the electro-optical segment c...

SeaPRwire
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S’pore’s National Day Parade 2021: What to expect and how to catch it live

aseanpr
3 minutes

SINGAPORE - The postponed National Day Parade will be held on Saturday (Aug 21), starting at 6.05pm. The parade and ceremony segment will feature the popular fighter jet aerial displays and the landing of Red Lions parachutists, while the show segment will focus on the Singapore Spirit in a display of the country's identity, resilience and can-do attitude. The parade will be live-streamed on the official NDPeeps Facebook and YouTube accounts. This year's show - helmed by creative director Boo Junfeng - has been kept under wraps, without the usual national education shows and previews that were previously open to the public. It will be hosted by Joakim Gomez, Eswari Gunasagar, Fauzie Laily and Patricia Mok, and feature about 600 live performers - a mere 30 per cent of the cast size at the last NDP held at the Marina Bay floating platform in 2018. Stars who will perform include Inch Chua, Alemay Fernandez, Mandopop duo The Freshman (comprising Carrie Yeo and Chen Diya), Benjamin Kheng, Nick Zavior and Yung Raja. This year's theme song, The Road Ahead, will be performed by singers Linying, Sezairi Sezali, Shabir Tabare Alam and Shye-Anne Brown. There are two other original NDP songs t...

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Turnaround seen at PIL Results, showing improvement in First Half 2021 with Record Quarterly Revenue

indie
7 minutes

HONG KONG, Aug 16, 2021 - (ACN Newswire via SEAPRWire.com) - Pentamaster International Limited (1665.HK) ("PIL" or "the Group") which is listed on the Main Board of The Stock Exchange of Hong Kong Limited announced its interim financial results for the six months period ended 30 June 2021 ("1H2021") today. The Group recorded a revenue of MYR245.6 million, while its net profit stood at MYR55.7 million, showing an improvement of approximately 21.0% and 5.6% respectively from the corresponding period last year.In 1H2021, the Group's revenue was contributed by both the ATE and FAS segments, with each constituting approximately 72.0% and 28.0% respectively of the Group's total revenue in the current period. The ATE segment continued to contribute the larger portion of revenue and profit to the Group's results for the first half of 2021 at a revenue contribution rate of 72.0%. This segment recorded an increase in revenue of MYR39.2 million, representing a growth of 28.3%, to MYR177.6 million in 1H2021 as compared to the corresponding period in 2020. Given the continued recovery in the smartphone market with 5G capability and other incremental features, the electro-optical segment of the ...

SeaPRwire

Singapore banks target region’s emerging affluent segment

elean
1 minute

SINGAPORE - Wealth managers are taking advantage of the Covid-induced consumer shift to digital by blending technology and human capabilities to expand their reach to the fast-growing emerging affluent segment across Asia. Growth of household wealth in Asia is likely to outpace the rest of the world with more people in Singapore expected to see their net worth cross the million dollar mark by 2025, studies show. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Fajarbaru upbeat on property segment’s outlook in Malaysia and Australia

indie
4 minutes

KUALA LUMPUR, May 6, 2021 - (ACN Newswire via SEAPRWire.com) - Fajarbaru Builder Group Bhd, a Bursa Malaysia Main Market listed company primarily involved in construction and property development, is upbeat on its property segment's outlook in anticipation of the economic recovery supported by the National Covid-19 Immunisation Programme. The company is also looking to launch new property projects towards second half of this year once market conditions improve.The Group recently completed its maiden development Rica Residence @ Sentul on schedule, and started handover in mid-March this year. The handover was originally due to kick off up to 3 months earlier, but was delayed due to MCO restrictions.Fajarbaru Group Chief Executive Officer Dato' Sri Eric Kuan Khian Leng said: "The property division remains a significant revenue generator for the Group in addition to our core business in construction. We have property development interest not just in Malaysia but in Australia as well. Although the Covid-19 pandemic has certainly affected the property segment, there are positive signs that market conditions will improve and we can capitalise on it as long as we adapt and innovate accord...

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Legend Holdings Announces 2020 Annual Results, Revenue and Net Profit up by 7%

indie
7 minutes

HONG KONG, Apr 1, 2021 - (ACN Newswire via SEAPRWire.com) - According to South China Morning Post's news, Legend Holdings Corporation (3396.HK) announced annual results of the Company and its subsidiaries for the year ended December 31, 2020. Revenue of the Company recorded RMB416.765 billion, representing an increase of 7% yoy. Meanwhile, net profit recorded RMB3,868 million, also representing an increase of 7% yoy. It was mainly due to the profitability improvement of Lenovo, EAL and Levima as well as the increased return of the financial investment segment. Although the COVID-19 brought many adverse effects on the production and operation of invested enterprises in the first half of the year, Legend Holdings took a number of measures to hedge its exposure to the epidemic, which is manifested to be effective later on. In the second half of the year, the net profit attributable to the equity holders of the Company was RMB3,231 million, up 243% year-on-year and over 400% compared with the first half of the year.Mr. Li Peng, CEO of Legend Holdings, said: "Uncertainties intensified in 2020, however, the results showed that our portfolio companies were able to effectively counter the ...