• Mon
  • Dec 29, 2014
  • Updated: 11:20pm

Slump

Profits sliced at chip-maker

Semi-conductor maker ASM Pacific Technology saw attributable profit slump 44.2 per cent to $112.98 million for the year to December 31 as a result of a global slowdown.

Tuesday, 2 March, 1999, 12:00am

Tse Sui Luen Jewellery slumps into red despite turnover rise

Tse Sui Luen Jewellery said it lost $63.16 million in the six months to August 31, despite a 15 per cent rise in turnover to $1.44 billion. Operating profit after interest expenses was $106,000. The company recorded an exceptional loss of $56.08 million due to provisions for non-marketable goods and the costs of closing down some retail outlets. The loss per share was 18 cents.

23 Nov 1998 - 12:00am

Retail slump takes toll on Fortei

The retail slump took its toll on Fortei Holdings last year, after it posted a net loss of $59.7 million, against a profit of $21.1 million in 1996. Turnover at Fortei, which designs and distributes leisurewear and sportswear under its own name, fell 49.1 per cent to $145.66 million. No final dividend was declared.

26 May 1998 - 12:00am

Sui Chong slide

Sui Chong Holdings suffered a 79.08 per cent profit slump to $2.88 million due to an exceptional loss of $16.86 million for the year to December 31.

27 Mar 1997 - 12:00am

Lion Asia slumps to $18.2m

Half-year attributable profit at property developer Lion Asia has plunged to $18.2 million from $120.7 million previously.

30 Sep 1996 - 12:00am

Recor slumps further

Audio and visual equipment manufacturer Recor Holdings has recorded a hefty attributable loss of $124.79 million for the year to March 31, up from the $1.16 million loss it made the previous year. The firm blamed sluggish market conditions in the United States and Europe.

29 Aug 1996 - 12:00am

Video-game slump hits firm

THE worldwide slump in the computer video-game industry has pushed Wong's Kong King International interim into the red, with a loss of $47 million compared with a $19.8 million profit last year.

Loss per share was 14.76 cents. Turnover dropped 17.5 per cent to $553.8 million.

30 Sep 1994 - 12:00am