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Straco Corporation reports strong set of Q2 and H1 2013 results despite SARs concerns
By Kevin Scully-Financial Blog  •  August 13, 2013
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

 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 ...

...
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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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