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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