Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Hyflux Profit Increases More Than Threefold After Asset Sales

Hyflux Ltd., Singapore’s largest publicly traded water company, reported that second-quarter profit increased more than threefold after asset disposals.

Net income rose to S$61.4 million ($49 million) from S$17.7 million a year ago, while revenue was $80.6 million from $138.4 million, according to a statement. The cash position was S$481 million on June 30 from S$243.9 million on Dec. 31, while net gearing improved to 0.54 times from 1.15 times.

Hyflux said it expected this half to remain slow given the mixed global economic outlook and a delay in connecting the national power grid to its Tuaspring plant in Singapore. The company’s stock dropped 0.9 percent this year, lagging behind the 3.8 percent gain in the benchmark Straits Times Index.

“We have taken the initiative to strengthen our financial position in support of our growth strategy through the issuance of capital securities and divestments,” Chief Executive Officer Olivia Lum said. “This puts us in a strong position for the rebound we expect to see in the global water industry.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.