Straco Corporation reports strong set of Q2 and H1 2013 results despite SARs concerns Tuesday, 13 August, 2013 8:29 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Straco Corporation, one of my Yield stock picks has reported a strong set of Q2 and H1 2013 results despite SARs concerns in Q2-2013. Dividend yield stocks are not supposed to provide captial gains but Straco has given both, ie a 29.4% capital gain since my first recommendation and remains a decent yield stock.
Key highlights of the results are:
a) revenue for Q2-2013 rose 19% to S$16.37mn while H1-2013 revenue was higher by 21% to S$27.69mn
b) Pretax profit for Q2-2013 rose 31% to S$11.27mn while H1-2013 pretax profit was higher by 65% to S$19.05mn
c) Net profit for Q2-2013 was S$8.02mn higher by 31% while H1-2013 net profit was up by 71% to S$13.66mn
d) EPS ...