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PR Newswire
07-05-2013, 12:20 AM
GIL RECORDED 22.8% GROWTH IN PROFIT FOR THE FIRST QUARTER OF 2013
- Net profit after tax increased 22.8% to S$9.8 million for the first quarter of 2013
- Total revenue surged 142.1% while total expenses increased by 5.9% in 1Q 2013
- Total comprehensive income attributable to shareholders increased significantly to S$11.8 million in 1Q 2013 from S$4.3 million in 1Q 2012
- EPS = SGD 1.18 cents
- Net Asset Value per Share grew to 23.7 Singapore cents during the first quarter of 2013 from 23.0 Singapore cents in 4Q 2012
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From profitability perspective, it looks impressive – need to look into free cash flow in detail – will do that
On the rights issue, it is a surprise. Wondering how the market will react?
On changing dividend distribution frequency from semi-annually to annually - I don’t like it - the more frequent the better – note that UMS pays dividend on quarterly basis
(Vested with stake substantially reduced – divested 90% and left with 10%)
- Net profit after tax increased 22.8% to S$9.8 million for the first quarter of 2013
- Total revenue surged 142.1% while total expenses increased by 5.9% in 1Q 2013
- Total comprehensive income attributable to shareholders increased significantly to S$11.8 million in 1Q 2013 from S$4.3 million in 1Q 2012
- EPS = SGD 1.18 cents
- Net Asset Value per Share grew to 23.7 Singapore cents during the first quarter of 2013 from 23.0 Singapore cents in 4Q 2012
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From profitability perspective, it looks impressive – need to look into free cash flow in detail – will do that
On the rights issue, it is a surprise. Wondering how the market will react?
On changing dividend distribution frequency from semi-annually to annually - I don’t like it - the more frequent the better – note that UMS pays dividend on quarterly basis
(Vested with stake substantially reduced – divested 90% and left with 10%)
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.