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Innotek reports a small profit in Q2-2013 of S$0.1mn……a pleasant surprise compared to earlier guidance….more on the results after the briefing this pm
By Kevin Scully-Financial Blog  •  August 13, 2013
Innotek reports a small profit in Q2-2013 of S$0.1mn......a pleasant surprise compared to earlier guidance....more on the results after the briefing this pm Tuesday, 13 August, 2013  9:47 AM
Posted by Kevin Scully

 Innotek Ltd one of my Stock Picks has reported an unexpected profit in its Q2-2013 results of S$0.1mn.   At the Q1-2013 results, the company was guiding for a loss in Q2-2013 and hopefully a return to profitability in the second half of 2013.  There will be an analyst briefing this afternoon.....more on the results and outlook after that.

 


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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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