Sinomem reported its FY2010 results with net profit of S$27.7mn up 22% on revenue of S$123.1mn up 15% on fewer project completions. Q4 2010 results saw net profit down 79% to S$1.4mn on a revenue decline of 31% to S$24.4mn on fewer project completions. On the surface, the Q4-2010 results look a little disappointing but a closer examination shows a few additional charges (see below).
The company has also asked for a Trading Halt 14 minutes after releasing its FY2010 results.....let's see what this is about....!!!
..... Click here to read more...