Following my detailed analysis on Global Yellow Page stock (you can read the post here), I read the latest financial results announced by the company yesterday. Global Yellow Pages Limited reported a net profit of S$3.1 million for the nine months period ended 31 December 2014, compared to a net profit of S$5.2 million for the corresponding period last year, this is 39.4% lower. I think this results is something not cheered by its investors, especially so when this reduced profits arose due to a lower revenue recorded for the aforementioned period (S$21.1 million, a 8.8% decrease compared to the corresponding period last year) coupled with a higher expense of $21.4 million (3.9% higher than the corresponding period last year). For the same reporting period, Global Yellow Page’s investment in Yamada, a company which it held almost a 20% stake in as ......