Friday, June 30, 2006

Stock Earnings: Popular post better FY results!

Popular may rise on better FY results, div Popular Holdings Ltd may trade higher after reporting its year to April net profit jumped 51 pct to 16 mln sgd on improved sales. The regional education group engaged in publishing, retail and distribution and content creation also declared a final tax-exempt cash dividend of 0.7 cents (tax exempt) per share, up from 0.5 cents in the previous year. Going forward, Popular said it expects its retail and distribution division to continue its growth in Malaysia and aims to improve its sourcing capabilities and bring more titles to its retail network across Asia. Popular closed yesterday's session flat at 0.395 sgd.

Popular Holdings Ltd year to April results:
Sales - 383.79 mln sgd vs 360.11 mln
Pretax profit - 21.88 mln sgd vs 15.14 mln
Net profit - 16.0 mln sgd vs 10.61 mln
EPS - 3.56 cents vs 2.36
Final div - 0.70 cents vs 0.50

Fourth quarter to April results:
Sales - 82.31 mln sgd vs 76.84 mln
Pretax loss - 4.15 mln sgd vs loss 4.68 mln
Net loss - 4.60 mln sgd vs loss 4.29 mln
Loss per share - 1.02 cents vs loss 0.95 cents

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