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Armstrong Industrial Group announces Q1-2012 results with net profit growth of 20.3% to S$5.43mn…..despite a decline in turnover by 7.1%
By Kevin Scully-Financial Blog  •  May 16, 2012
Armstrong Industrial Group announces Q1-2012 results with net profit growth of 20.3% to S$5.43mn.....despite a decline in turnover by 7.1%
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 ...

...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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