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SINGAPORE NEWSPAPER HIGHLIGHTS - AUG 1, 2002.

AsiaPulse News

| August 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SINGAPORE, August 1 Asia Pulse - Highlights of today's newspapers:

THE STRAITS TIMES

- Reports M1, Singapore's second-biggest cellular operator, yesterday said its first-half pre-tax profit surged 41 per cent to $72 million on higher sales.

- ST Assembly Test Services (Stats) has narrowed its losses in the second quarter, helped by stronger demand from a varied range of customers.

- Sembcorp Industries' deputy chairman and chief executive officer Wong Kok Siew, 55, is the new chairman of International Enterprise (IE) Singapore.

- Cycle & Carriage (C&C) yesterday reported a 376 per cent surge in its interim net profits while its property arm MCL Land saw a 45 per cent jump in its first-half net profit.

- Sembcorp Marine yesterday announced a 35 per cent increase in net profit to $53 million for the six months ended June 30 on the back of a 32 per cent rise in revenue to $492 million.

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