Shares & Derivatives
Straco Corporation sees FY2013 net profit rise 73% to S$34.1mn…..increases dividend to S cents 2.0 from S cents 1.25…..
By Kevin Scully-Financial Blog  •  March 17, 2014
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

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 ...
...
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance