Posted by Kevin Scully
AEM's 2012 results had no major surprises. The company reported a small net loss of S$1.4mn following a provision of $2.6mn for a sales rebate.
Key highlights of the results:
a) revenue fell 24.9% to $74.9mn
b) company reported a pretax loss of $2.2mn compared to a profit of $8.8mn in 2011
c) net attributable loss for 2012 was $1.4mn compared to a profit of $6.8mn in 2011
d) net cash was about $39.4mn up from the $24.1mn in 2011 mainly from the proceeds of the sale of a minority stake in MCT to SPIL in 2012
e) EPS for 2012 was -0.31 ...
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