Stocks In Focus SG (IPCO Int’l, Stamford Tyres, Vibrant Grp) – 16/03/15

IPCO International’s total revenue came in 18.6 percent higher at $28.7 million for the nine months ended 31 January 2015, due to increased demand for burn-in boards by semi-conductor manufacturers and increased gas consumption by industrial and household customers. Subsequently, the company posted earnings of $2.4 million, compared to a $60.6 million loss in the corresponding period last year. For the third quarter, revenue was up 24.5 percent to $10.4 million while earnings declined 96.5 percent to $1.5 million as a result of a 99.8 percent fall in disposal gains from financial assets.

Stamford Tyres Corporation’s revenue climbed 1.9 percent to $225.8 million for the nine months ended 31 January 2015, driven by higher growth registered in the Southeast Asian markets. As the increase in expenses outpaced the growth in revenue, in particular to a higher cost of goods sold, earnings dropped in excess of 60 percent to $2.3 million. For the third quarter, total revenue gained 4.7 percent to $75 million while earnings accelerated 2 percent to $0.9 million mainly due to better cost controls.

Vibrant Group posted a 4.8 percent gain in revenue to $152.6 million for the nine months ended 31 January 2015, attributable to higher contribution from the financial services as well as freight and logistics business segments. However, in tandem with 16.8 percent and 47.5 percent gains in administrative expenses and finance costs respectively, earnings dropped 14.1 percent to $20.7 million. For the third quarter, revenue edged up 1.1 percent to $51.8 million while earnings declined 14.8 percent to $7.8 million.

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