With over 700+ stocks listed in SGX, it’s not easy to keep tab of all the on-going developments such as Share buybacks, Acquisitions, Quarterly Results and much more.
Moreover, these announcements can sometimes bring about a huge impact to the company’s future course of action. Stock investors who are “in the know” may be better equipped to perform the necessary due diligence or even re-visit the investment thesis if necessary.
With these in mind, we take a look at 3 companies with some interesting developments or news over the past week.
1) FortressMinerals achieved an outstanding 68.6% gross marginFortressMinerals is Malaysia’s first iron ore concentrate explorer, miner and producer that is listed on SGX.
On 9th July, Fortress Mineral announced its quarterly result where revenue came in at US$5.84 million. Gross profit came in at US$4.01 million. Gross margin came in at approximately 68.6%, which reflects an admirable optimization of its iron ore production and cost efficiencies.
Net profit after tax for the company came in at US$1.09 million, which gives it a
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