AEI Corporation reported a net profit of S$1.2mn in H1-2011 compared to a loss of $0.5mn from the absence of LME contract provisions......
Tuesday, 16 August, 2011 9:9 AM
Posted by Kevin Scully
AEI Corporation reported their H1-2011 results on 10 August 2011. I have delayed commenting on them until I had a meeting with management yesterday. Let me first summarise the key items in the results:
a) revenue for H1-2011 rose 2.6% to S$29.4mn
b) gross profit in H1-2011 was S$1.85mn down 8.2%
c) pretax profit for H1-2011 was S$1.62mn from a loss of S$0.49mn from the absence of a provision for the company's LME forward contract in 2010.
d) net profit was S$1.21mn compared to a loss of S$0.47mn
e) EPS was S$0.52 cents compared to a loss of 0.18 cents
f) NAV per share ......
