Shares & Derivatives
Jaya Holdings reports strong Q1-2013 results as earnngs recovery continues…..but there could be more good news for my Stock Pick…….read on
By Kevin Scully-Financial Blog  •  November 13, 2012
Jaya Holdings reports strong Q1-2013 results as earnngs recovery continues.....but there could be more good news for my Stock Pick.......read on Tuesday, 13 November, 2012  8:12 AM
Posted by Kevin Scully

Jaya Holdings, one of my Stock Picks, has reported a good set of Q1-2013 results.  In a recent investment seminar organised by ShareInvestor, I highlighted Jaya as one of a few companies which I expected would report improving earnings despite the gloomy outlook for the Global economy.

Key Highlights of the results:

a) revenue for Q1-13 rose 36% to US$36.7mn

b) gross profit was up 40% to US$12mn

c) Pretax profit rose 104% to US$10.3mn

d) net attributable profit rose 113% to US$10.13mn

e) the results were boosted by a reversal of an impairment charge of US$1.45mn

f) gross cash was US$183mn down from US$200.4mn in Q1-2012

g) Long term ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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