Straco Corporation reports revenue growth of 30% in Q1-2014 but net profit fell 1%…….but there is no cause for concern Monday, 12 May, 2014  6:33 AM
Posted by Kevin Scully

 Straco Corporation reported its Q1-2014 results which showed sustained growth in revenue which expanded by 30% but net profit declined by 1% caused mainly by the absence from gains of a land sale and exchange losses compared to exchange gains during that period.  The key highlights of the results are in the Table below:

Three months 2014 2013 %
to 31 March S$mn S$mn chng
       
Revenue 14.66 11.32 30%
Pretax profit 8.22 7.77 6%
Net attributable 5.41 5.46 -1%
       
EPS (s cents) 0.63 0.64 -2%
NTA (S cents) 19.41 19.07 2%
       
Adjusted net