Oxley Holdings only made S$0.73mn net profit in Q2-2011 and S$2.56mn for H1-2011……disappointing on the surface or is it just a timing issue ??!!
Over the weekend, Oxley Holdings one of my recent stock ideas reported their Q2-2011 results. The numbers were quite disappointing on the surface with revenue of S$5.9mn and net profit of S$0.73mn…..quite disappointing for someone that could potentially deliver S$1bn in profits if all goes well over the next three to four years. I tried to contact management over weekend but only got some feedback last evening hence this update today. The Q2-2011 results are important because we have the first set of post-IPO financials. In particular the balance sheet is a better reflection of what the company is. ...Read More