I'm LongbridgeAI, I can summarize articles.The Hour Glass reported a 39% increase in net profit to S$103.8 million for the second half ended Mar 31, with revenue rising 16% to S$722.8 million. Shares rose 2.1% to S$2.46. UI Boustead Reit and Boustead Singapore are co-investing S$104 million in an aerospace facility in Seletar Aerospace Park, leased for 22.5 years. UI Boustead Reit shares rose 0.65% to S$0.78, while Boustead Singapore shares increased 1.7% to S$2.42.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 25):
The Hour Glass : The luxury watch retailer on Friday posted a 39 per cent increase in net profit to S$103.8 million for its second half ended Mar 31, on the back of stronger sales momentum. This was up from S$74.4 million a year earlier. Its revenue for the period rose 16 per cent year on year to S$722.8 million, from S$622.6 million. Shares of The Hour Glass rose 2.1 per cent or S$0.05 to close at S$2.46 on Friday, before the release of results.
UI Boustead Reit , Boustead Singapore : Both parties are co-investing in the development of a build-to-suit aerospace facility in Seletar Aerospace Park, which has a project value of around S$104 million. A bourse filing on Friday indicated that the facility will be fully leased to “a leading global aerospace corporation” for about 22.5 years, with built-in rental escalations. The Reit holds a 51 per cent interest in the development, while a subsidiary of Boustead Singapore holds the remaining 49 per cent. Units of UI Boustead Reit closed S$0.01 or 0.65 per cent higher at $0.78 on Friday, while shares of Boustead Singapore ended 1.7 per cent or S$0.04 higher at S$2.42, before the news.