Shares & Derivatives
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
By Kevin Scully-Financial Blog  •  March 2, 2011
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...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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