AEM Holdings Limited - reports 28.3% increase in revenue in Q1-2012 to S$23.4mn, declares dividned of 0.35 cents......
Monday, 14 May, 2012 6:56 AM
Posted by Kevin Scully
AEM has reported its Q1-2012 results. I added AEM to My Stock Picks on 13 April 2012 the day it was removed from the Watch List.
Q1-2012 was an important quarter for AEM for the following reasons:
a) On 23 Feb 2012, AEM reported its full year results for 2011 with net profit of S$6.8mn up from S$2.6mn in 2010.
b) on 13 April AEM gets off the SGX Watch List by delivering more than S$10mn in combined pretax profit in 2010 and 2011
c) now it delivers a good set of Q1-2012 results.
Highlights of Q1-2012 results:
1. Revenue for Q1-2012 was up 28.3% to S$23.4mn
2. Pretax profit rose 17% year ......