Photo from Kevin's blog
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…
Related posts:
- Hock Lian Seng – company update snippets……waiting for those elsuive MRT contracts !!??
- Innotek (a Stock and Yield pick) – announces FY2010 net profit of S$17.8mn up 134% and declares 5 cent final dividend….no surprises
- Hock Lian Seng fails to secure key Tuas West extension contract…..losing out to Jurong Primewide……order book down to S$272mn….enough for just another year……
