Stock Earnings: Inter-Roller Engg beats expectation on Q1 result!

Inter-Roller Engineering Ltd may extend gains after posting better-than-expected results for the first quarter. The company said its net profit for the three months to March more than doubled to 4.66 mln sgd from 2.32 mln a year earlier, exceeding the 3.5-4.0 mln forecast by DBS Equity Research. Following the strong results, the company proposed a one-tier tax-exempt interim dividend of 0.015 sgd per share as well as a one-for-two stock split.