SINGAPORE - The following companies saw new developments that may affect trading of their securities on Thursday :
Jardine Cycle & Carriage : The regional auto dealer saw its third-quarter earnings slip on tough markets in Indonesia and Vietnam, according to results out on Wednesday after market close. Underlying net profit, which excludes non-trading items such as investments, came in at US$206.7 million for the three months to Sept 30, down by 20.7 per cent year on year. Jardine C&C closed up by $0.28 or 0.85 per cent at $33.35 before the results were released.
First Real Estate Investment Trust : The healthcare Reit will pay out a distribution per unit of 2.15 cents for the third quarter, the same as a year ago, its manager said on Wednesday evening. Distributable income was up 1.3 per cent year on year to $17.2 million for Q3, even as net property income slipped by 2.5 per cent to $28.2 million on higher property expenses in South Korea and Indonesia. The counter rose $0.01, or 0.96 per cent, to $1.05 on Wednesday, before the results were released.
CH Offshore: The mainboard-listed vessel chartering company fell further into the red for the third quarter, on the back of a provision for brokers' commission, according to results released on Wednesday after market close. Net loss widened to US$6.29 million, from US$1.38 million in the year before. CH Offshore fell 0.3 cent or 5.88 per cent to 4.8 cents at Wednesday's close.
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