Comintel Corp Bhd's net profit for the second quarter ended July 31, 2016 (2QFY17) more than doubled to RM2.49 million, from RM880,000 a year ago, driven by its manufacturing segment.
The better earnings was contributed by higher demand for its products and shipment of better margin products, besides reduced losses from the system integration and maintenance service (SIMS) segment, it said in a bourse filing.
Revenue was 14.8% higher at RM85.78 million from RM74.73 million a year earlier.
For the cumulative six months ended July 30, 2016 (1HFY17), its net profit was 186.5% higher at RM7.85 million from RM2.74 million in 1HFY16, while revenue was 19.9% higher at RM189.49 million compared with RM158.06 million previously.
Going forward, Comintel expects its manufacturing segment to perform satisfactorily for the remaining quarters of FY17, despite the global economic slowdown.
It also said it has been shortlisted for some advanced gasification system projects overseas and expect the award announcement by year end or early next year.
"If awarded the contracts, our green energy sector is expected to contribute positively towards the growth and profitability of the group in the subsequent financial years," it added.
Icon8888 sifu still active and good as usual? Soros still here? Duit sifu still around? Murali master mana?
Paper steven yong mana? U said comcorp bankrupt within 6 month...haha...why comcorp still 89c with good profit? Your 3 b fund manager is totally cheapskate
Calvin chicken tan eng still coxk coxk coxk as usual??
Tq, I'm not necessary 100% correct all the time. But, pretty sure when invest in a bit longer term by select good Fundamental Counter, u will be rewarded rosy .
X 6.0 pe = 0.81 X 6.5 pe = 0.88 x 7.0 pe = 0.95 X 8.0 pe = 1.08 X 9.0 pe = 1.22 peer avarage (COMel shall reach here) x10.0pe = 1.36 * assuming there is flat earning. (Very unlikely case)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
QQ88
198 posts
Posted by QQ88 > 2016-09-23 02:31 | Report Abuse
VenFx got stucked today n trying to talk up the share price...wakaka...happy sleepless night..