Atlantic Navigation delivers a solid set of 2013 results with net profit of US$12.9mn compared to US$0.61mn in FY2012… Tuesday, 11 March, 2014 6:42 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Atlantic Navigation one of my Stock Picks has come through and delivered solid set of 2013 results.
Key highlights of the results:
a) Revenue rose 33% to US$46.9mn
b) Net profit was US$12.9mn compared to US$0.61mn. Even if we exclude the RTO expenses of 2012 of US$3.7mn…..its still a very good showing.
c) Gross cash has increased to US$10.1mn from US$7.5mn
d) Borrowing have also increased to US$13.4mn from US$9.8mn
e) EPS is US cents 5.0 compared to US cents 0.25
f) NAV per share is US cents 27.3 compared to US cents 22.3
g) Company is ...
