Company Briefs

AA Group warns of losses in first half

AA Group Holdings Ltd warned yesterday it expects losses for the first half of 2008. It cited reasons including higher raw material costs and rising oil prices.

Grand Banks Yachts full-year profit down 52%

GRAND Banks Yachts saw full year profit fall 52 per cent to $5 million from $10.6 million as sales stayed almost flat at $113.8 million.

ST Marine wins $29.2m contract

ST Engineering's marine unit ST Marine has secured a $29.2 million contract to lengthen and upgrade the crane capacity of the Derrick Pipelay Barge Java Constructor for Clough Java Offshore.

Sincere Watch posts $393,000 loss for Q4

SINCERE Watch posted a net loss attributable to equity-holders of $393,000 for the fourth quarter ended March, citing foreign exchange losses stemming from the Swiss franc volatility. Revenue rose 19 per cent to $113.8 million.

Eng Wah reports $11m profit for full year

ENG Wah Organization has recorded $12 million in revenue and $11 million in net profit for the full year ended March 31. This was helped by other operating income of $10.3 million which was mainly due to a gain arising from the disposal of its investment in Daikin Air-Conditioning (Singapore).