A year ago, I mentioned in my post that Boustead has a net cash position of S$165.6 million. At the end of 1Q FY2018, Boustead has a net cash position of S$212.2 million. This was an increase of 28.1%. Thus, I consider Boustead is still in a healthy net cash position. Net cash position is very important to companies in a cylindrical industry such as oil and gas. Only with sufficient net cash position, it will be able to ride through the storm.
Although Boustead’s 1Q FY2018 financial results do not look so promising, I noted that in its latest press release, it has mentioned that Boustead’s revenue is largely derived from project-oriented businesses and as such, quarterly results would not accurately reflect the full-year’s performance.
|1Q FY2018||1Q FY2017||Change|
|Earnings Per Share||0….|