Tee International.....my latest Stock Pick delivers strong FY2011 results with net profit higher by 46.5% to S$16.7mn.....company also surprises with good dividend
Monday, 18 July, 2011 8:31 AM
Posted by Kevin Scully
Tee International, my latest Stock Pick, reported its FY2011 results today. The numbers were slightly better than the forecasts by our analyst but the most interesting item in the results was its final dividend of S$1.25 cents and a bonus dividend of S$0.5 cents giving a total final dividend of S$1.75 cents - although this is lower than its FY2010 dividend of S$2.2 cents - its the same if we include its FY2011 interim dividend of S$0.5 cents. While the dividend is the same - its actually double that in FY2010 following the stock split.
Key points in the results worth noting:
a) revenue rose 62.7% to ......