Profits at Singapore-listed companies rose 49.8% in calendar 2003, led by banks and state-linked firms, according to the findings of a survey published yesterday, underscoring a strengthening economic recovery powered by exports.
The combined full-year profits of 321 companies totalled S$8.14bil after tax but before extraordinary items, the Singapore Business Times survey showed, helping to propel the benchmark Straits Times Index up 32% in 2003.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
