OKP released their half-year results on Friday, 20th July 2012. I will not be analysing the numbers from the results in this post. Their results can be viewed from the SGX annoucement here. Rather, this post will be about my views of their results.
When comparing the yearly results (1HFY2012 vs 1HFY2011), their net profits dipped close to 50% and their cash flow from operations went into negative territory. This is a slight concern for me. However, OKP is a contract-based business and their profits dipped due to lower revenue recognition from their ongoing projects. It is better to look at full year numbers for such companies. A major $119 million CTE project they undertook is already completed and they need another such huge contract win to prop up their order book again. Having said ...
OKP released their half-year results on Friday, 20th July 2012. I will not be analysing the numbers from the results in this post. Their results can be viewed from the SGX annoucement here. Rather, this post will be about my views of their results.
When comparing the yearly results (1HFY2012 vs 1HFY2011), their net profits dipped close to 50% and their cash flow from operations went into negative territory. This is a slight concern for me. However, OKP is a contract-based business and their profits dipped due to lower revenue recognition from their ongoing projects. It is better to look at full year numbers for such companies. A major $119 million CTE project they undertook is already completed and they need another such huge contract win to prop up their order book again. Having said ...
