Photo by tomsaint11
Bearing in mind the sensitivities that the company is releasing its results next week on April 14, 2010, we managed to secure a visit following a request to look at the company on my Blog.
The company reported a good set of Q1-2010 results. Revenue for the quarter ended November 30, 2009 rose 29% to S$40.2mn while net profit was S$4.69mn up 56%. Even the MI was a positive which means that its subsidiary Giken Sakata had returned to the black although the contribution was marginal. The Q1-2010 profit compared to its full year 2009 profit of S$9.2mn seems to be suggesting possible strong profit growth in 2010. The company is after all exposed to the hard disk industry which is doing well although other businesses/products are not doing so well. Read more…
- Sinomem reports full year net profit of S$27.7mn up 22% on revenue of S$123.1mn….Q4 net profit was only S$1.4mn down 79% on fewer project completions
- 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……
- Armstrong Industrial Group – next two quarters could be tough……as company braces for new body blows
