Shares & Derivatives
Straco Corporation reports revenue growth of 30% in Q1-2014 but net profit fell 1%…….but there is no cause for concern
By Kevin Scully-Financial Blog  •  May 12, 2014
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       
...
...
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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.
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