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MCL Land Results Announcement
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Kermitty
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27-Aug-2010 14:45
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MCL Land is proposing delisting from SGX at S$2.45 per share http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_84F9C8D5354DEFDA4825778B003528F1/$file/JointDelistingAnnouncement26Aug2010.pdf?openelement |
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ozone2002
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27-Aug-2010 13:45
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y chiong 49c? ~25% | |||||||||||
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tradersgx
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13-Nov-2009 01:42
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BFA7E5D3ED4AF6164825766600273D6B/$file/3Q09Results.pdf?openelement |
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katak88
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29-Apr-2009 19:39
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Business Times - 29 Apr 2009
MCL posts 72% drop in Q1 net profit By KALPANA RASHIWALA MCL Land, a subsidiary of Hongkong Land, has reported net profit of US$1.4 million for the first quarter ended March 31, 2009, 72 per cent lower than in the same period last year. Revenue rose from US$400,000 in Q1 2008 to US$8.3 million in Q1 2009
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_78630BC2A639FD5A482575A7002CABAD/$file/290409-1QResults.pdf?openelement |
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katak88
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21-Feb-2009 23:02
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HIT by property writedowns, real estate developer MCL Land swung into the red for the financial year ended Dec 31, 2008. The firm yesterday posted a net loss of US$107.3 million, in contrast to a net profit of US$61.9 million a year earlier. Loss per share came to 29 US cents, against earnings per share of 16.73 US cents previously. While MCL Land recognised development profits from The Grange, Mera Springs and The Esta projects for the year, a US$180.2 million writedown of development properties for sale eroded those takings. 'Property prices have fallen significantly and the outlook for the residential property market in Singapore has become increasingly uncertain,' the developer said. This led the company to revise the carrying value of these properties downwards. MCL said the US$107.3 million loss attributable to shareholders included a US$0.9 million fair value adjustment to the group's investment properties. For FY08, group revenue fell 12 per cent year-on-year to US$343.1 million. MCL Land's board is recommending a first and final dividend of 10 Singapore cents per share payable on May 26, 2009. 'Confidence in the residential property markets in Singapore and Malaysia is extremely weak as a consequence of the current economic downturn with few buyers willing to commit to property purchases,' said MCL Land chairman Y K Pang. '2009 is expected to be a challenging year.' But he expects the completion of three developments here this year - The Fernhill, Tierra Vue and Hillcrest Villa - to provide some lift to the group's results for the year. 'With strong cash flow generated from the sale of development properties and a healthy balance sheet, the group is well-placed to weather the difficult economic and market conditions.' MCL Land also has the Waterfall Gardens and D'Pavilion scheduled for completion in 2010 and The Peak@Balmeg in 2011. The company has another seven projects at various stages of planning approval and it plans to launch them progressively in the next few years. Shares of MCL Land fell half a cent yesterday to close at 66 cents. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8EC5442F7F6847AB48257563002F55AC/$file/Full08Results.pdf?openelement |
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katak88
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06-Nov-2008 22:56
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Revenue for the period also grew 210 per cent from a year ago to US$78.07 million compared to US$25.18 million, due mainly to the completion of Mera Spring project. Chairman YK Pang warns the financial crisis would put a downward pressure on short to medium term prices. He added MCL's performance may be affected by the down ward movements of the carrying values of its development properties. No dividend was declared. Property developer MCL Land Limited on Thursday reported net profit for the three months ended September 30, 2008 rose to US$13.28 million, from US$2.21 million.
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AK_Francis
Supreme |
01-Aug-2008 01:07
Yells: "Happy go lucky, cheers." |
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prpty stocks are gloomy, Kepland likely will face the same music as well, when it announces its report book on 1 Aug. | |||||||||||
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chongpin
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31-Jul-2008 20:40
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