Innotek's 2011 results were disappointing because of the difficult operating environment.....but the company fortunately maintained its dividend of 5 cents per share
Monday, 27 February, 2012 12:11 PM
Posted by Kevin Scully
Innotek has been a value and yield stock for me since I recommended the stock. I was attracted by its discount to NAV, large cash balances (now smaller) and its attractive annual dividend. 2011 was however a very difficult year for the company. In its FY2011 results announcement, Innotek reported a decline in revenue by 16.8% to S$312.1mn and a 97% decline in net attributable profit to S$0.5mn.
Things just couldnt get worse for Innotek than in 2011. Let me list some of the problems they faced:
a) the bulk of Innotek's customers in the LCD/LCD frame business are from Japan - this business was affected in 2011 because of the ......
