Straco Corporation reports strong Q1-2013 results with revenue higher by 25% and net profit up by 201%........ Wednesday, 15 May, 2013 8:4 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Straco Corporation reported a strong set of Q1-2013 results which were significantly better than expected.
Key highlights in the results:
a) revenue rose 25% to S$11.3mn - the growth rate was driven by stronger visitor growth of 19% for SOA (Shanghai Ocean Aquarium) and 25.6% for UWX (Underwater World Xiamen).
b) pretax profit rose 167% to S$7.77mn while net profit was higher by 201% to S$5.6mn.
c) EPS was 0.65 Sing cents compared to 0.21 Sing cents in Q1-2013 and Q1-2012 respectively
d) NAV was 16.4 Sing cents compared to 15.5 Sing cents over Q1-2013 and Q1-2012 respectively.
e) balance sheet remains very healthy with net cash rising to S$101.7mn from S$95....
