Blumont - my worst fears are likely to materialise as the value of their quoted investments is likely to see a huge decline if stock prices remain where they are.... Wednesday, 13 November, 2013 12:5 PM
Posted by Kevin Scully
...Posted by Kevin Scully
Blumont has just announced its Q3-2013 results which show a much healthier financial position than the company is currently in. In that period, revenue was S$1.26mn and net profit was S$33.8mn which included an "others gain" of S$40.9mn. This gain comprises a realised gain of S$1.38mn and a fair value gain of S$38.9mn.
In a separate announcement, Blumont also reported that as of 11 November 2013, the following:
a) that as at 16 August 2013 the market value of its investments had value of S$118.7mn and a cost of S$81.2mn.
b) as at 11 November 2013, the market value ...
