Wednesday, 16 May, 2012 8:26 AM
Posted by Kevin Scully
Armstrong Industrial Group (in my Yield Portfolio) has released its Q1-2012 results. Revenue declined 7.1% to $52.3mn while net profit was higher by 20.3% to $5.3mn.
Highlights of the Q1-2012 results:
a) revenue fell 7.1% to $52.3mn
b) gross profit fell 36.7% to $8.5mn
c) other income rose significantly from a gain of derivative financial assets of $2.7mn and insurance claim of $2.3mn from the floods in Thailand.
d) EPS was 1.0 cents while its NAV was $0.205
e) Group expects its revenue to be flat in 2012 but profit to be significantly higher than 2011.
f) its operations in Thailand ...
...