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A Blog visitor asked me about Innotek some weeks ago....the balance sheet looked very good......so we arranged for a company visit which could only be granted after the release of its Q2-2009 results in the middle of last week. I went for the visit with a fund manager. The shares have risen to pass S$0.40 on high volume on Thursday and Friday last week but still look cheep.
The Q2-2009 results were better than expected with revenue flat at about S$93mn and net profit of S$4.96mn compared to loss in Q1-2009 of S$3.3mn. Part of this profit came from a writeback of S$2.6mn in previous doubtful debt provisions. Read more...[caption id="attachment_3228" align="alignright" width="150" caption="Photo from Kevin's blog"]
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A Blog visitor asked me about Innotek some weeks ago....the balance sheet looked very good......so we arranged for a company visit which could only be granted after the release of its Q2-2009 results in the middle of last week. I went for the visit with a fund manager. The shares have risen to pass S$0.40 on high volume on Thursday and Friday last week but still look cheep.
The Q2-2009 results were better than expected with revenue flat at about S$93mn and net profit of S$4.96mn compared to loss in Q1-2009 of S$3.3mn. Part of this profit came from a writeback of S$2.6mn in previous doubtful debt provisions. Read more...
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A Blog visitor asked me about Innotek some weeks ago....the balance sheet looked very good......so we arranged for a company visit which could only be granted after the release of its Q2-2009 results in the middle of last week. I went for the visit with a fund manager. The shares have risen to pass S$0.40 on high volume on Thursday and Friday last week but still look cheep.
The Q2-2009 results were better than expected with revenue flat at about S$93mn and net profit of S$4.96mn compared to loss in Q1-2009 of S$3.3mn. Part of this profit came from a writeback of S$2.6mn in previous doubtful debt provisions. Read more...
