Straco delivers another strong set of Q3-2013 earnings with net profit higher by 72% to S$15.86mn....raising my price target by 14% to... Wednesday, 13 November, 2013 11:19 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Straco, one of my Stock Picks yield, has delivered a strong set of Q3-2013 results.
Key highlights in the results are:
a) Q3 2013 revenue rose 48% to S$30.5mn
b) Pretax profit rose 67% to S$22.6mn while net profit was higher by 72% to S$15.9mn
c) Unlike Q2, Q3 results were not boosted by other income, ie exchange gains and the proceeds from the sale of property
d) Gross cash or in this cash net cash as they have no debt was S$101.1mn
e) Q3 EPS was S$1.81 cents compared to S$1.05 cents in the corresponding period in 2012 while 9 month EPS ...
