Straco Corporation sees FY2013 net profit rise 73% to S$34.1mn…..increases dividend to S cents 2.0 from S cents 1.25….. Monday, 17 March, 2014 8:11 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Straco Corporation one of my Yield and growth Stock Picks reported a strong set of FY2013 earnings with revenue higher by 32% to S$72.84mn and net attributable profit rising by 73% to S$34.1mn (slightly lower than my full year forecasts of S$35mn). Since my first recommendation in October 2012 when the share was S$0.255….we have seen the share appreciate by 100% on strong and steady earnings growth.
2013 | 2012 | ||
FYE Dec 31 | S$mn | S$mn | % chng |
Revenue | 72.8 | 55.2 | 31.9% |
Pretax | 50.3 | 30.1 | 67.1% |
Net attrib | 34.1 | 19.7 | 73.0% |
EPS (s ... |