Midas reports strong Q3-2013 profit as new orders kick in….the wait for the rerating appears to be finally over if more high speed contracts are won Monday, 18 November, 2013 9:30 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Midas reported a strong set of Q3-2013 results with net profit of RMB16.8mn compared to a loss of RMB6.5mn in the same quarter in 2012.
Key highlights of the results are:
a) revenue rose 48.5% to RMB301.0mn in Q3-2012 over Q3-2012
b) associate profits were RMB10.9mn in Q3-2013 compared to a loss of RMB6.9mn
c) Pretax profit for Q3-2013 was RMB20.4mn compared to a loss of RMB1.6mn while nine month to Sept 30, 2013 pretax profit was RMB35.6mn compared to RMB26.7mn, a gain of 33.3%
d) Net profit was RMB16.8mn compared to a loss of ...