Sarine Technologies has recorded a fourth-quarter net profit of US$93,000, down 84.8 per cent from US$613,000 the year before, the diamond technologies company said in a regulatory filing on Monday before the market opened.

Raffles Medical Group has posted a net profit of S$71.1 million for 2018, up 0.4 per cent from S$70.8 million for 2017 as a 7.8 per cent rise in Ebitda (earnings before interest, taxes, depreciation, and amortisation) was offset by higher tax expense and additional depreciation from the recently completed Raffles Specialist Centre in Singapore.Revenue for the 12 months ended Dec 31 was S$489.1 million, up 2.4 per cent from S$477.6 million for 2017.

Dasin Retail Trust, which holds four malls in Zhongshan city in China's Guangdong province, on Sunday posted its distribution per unit (DPU) for its fourth quarter that slightly beat its forecast for the quarter by 0.9 per cent. DPU for the three months ended Dec 31, 2018 stood at 1.83 Singapore cents, up from a projected 1.81 Singapore cents. This DPU takes into account a "distribution waiver", through which major unitholders - Aqua Wealth Holdings Limited and Bounty Way - have waived a portion of their entitlement to distributions from Dasin Retail Trust. The total amount of the waived distribution has been distributed to the rest of the unitholders.

Best World International is hiring an independent reviewer to scrutinise its business and accounting practices, after The Business Times raised concerns last week over the challenges in tracking sales of its DR's Secret line of premium skincare products in China. In a statement on Saturday, the company told shareholders that it has conducted its business ethically and in compliance with applicable laws, but “is not responsible for the accounting and sales records of the franchisees, who are independent third parties”.

Source: Phillip Capital Research - 25 Feb 2019