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AEM delivers 2012 results – no major surprises following their profit guidance of 20 December 2012…..pays 0.35 cents dividend……looking for a better H2-2013
By Kevin Scully-Financial Blog  •  February 26, 2013
AEM delivers 2012 results - no major surprises following their profit guidance of 20 December 2012.....pays 0.35 cents dividend......looking for a better H2-2013 Tuesday, 26 February, 2013  9:41 AM
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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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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