Stamford Tyres

Stamford Tyres

Postby millionairemind » Wed Sep 10, 2008 9:38 pm

September 10, 2008, 6.38 pm (Singapore time)
Stamford Tyres Q1 net profit up 10.34%
By ANGELA TAN

Stamford Tyres Corporation Limited on Wednesday reported its net profit for the first quater ended July 31, 2008 rose 10.34 per cent to $3.26 million.

Earnings per share was at 1.41 cents, compared to 1.29 cents a year ago.

Revenue grew 6.86 per cent to $89.93 million despite intense market competition.

The improvement in revenue was mainly driven by an increase in sales from Southeast Asia, which is also the major revenue contributor. Its major brand - Falken - did particularly well in Malaysia and India.

Cash and cash equivalents at end-July 2008 stood at $6.1 million compared with $4.9 million at end-July 2007.

Going forward, the group expects intense competition and challenging conditions in the global tyre industry to prevail.
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Re: Stamford Tyres

Postby millionairemind » Wed Mar 17, 2010 9:54 am

Published March 17, 2010

Stamford Tyres sees net profit highly revved up

By JOYCE HOOI

STAMFORD Tyres Corporation Ltd has posted a quantum leap in net profit for its third quarter in FY2010 ended Jan 31, from $69,000 the year before to $2.3 million.

This was fuelled by a 29.5 per cent growth in revenue year-on-year from $62.9 million to $81.5 million.

Expenses for the quarter were also unable to put the brakes on the tyre distributor's bottom line even though they rose 25.2 per cent to $78.3 million.

While gross profit for the quarter stood at $18.8 million, a 19 per cent increase over the $15.8 million in profit for Q3 FY2009, Stamford Tyres' gross profit margin shrank from 25.1 per cent to 23.1 per cent.

'The decline was due to higher tyre purchase prices worldwide,' the group said yesterday.

For the year-to-date, net profit grew five-fold from $1.1 million to $5.2 million. The dip in revenue of 0.2 per cent to $227.2 million for the nine months ended Jan 31 was offset by a larger dip in total expenditure of 2.1 per cent.

Earnings per share for the group stood at 1.02 cents and 2.26 cents for the quarter and year-to-date respectively, up from 0.03 cent and 0.46 cent for the corresponding periods a year ago.

'The group expects tougher market conditions in the fourth quarter as tyre manufacturers continue to increase prices due to higher cost of raw materials. In addition, higher global aluminium prices may impact our wheels business,' it said yesterday.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Stamford Tyres

Postby Musicwhiz » Wed Mar 17, 2010 10:31 am

millionairemind wrote:STAMFORD Tyres Corporation Ltd has posted a quantum leap in net profit for its third quarter in FY2010 ended Jan 31, from $69,000 the year before to $2.3 million.

This was fuelled by a 29.5 per cent growth in revenue year-on-year from $62.9 million to $81.5 million.

Expenses for the quarter were also unable to put the brakes on the tyre distributor's bottom line even though they rose 25.2 per cent to $78.3 million.



Wow, so drama! I think this Joyce might as well write the script for the next "Transformers" sequel! :lol:
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Re: Stamford Tyres

Postby winston » Wed Sep 22, 2010 9:04 am

Not vested.

BUSINESS TIMES - Japan's second-largest tyre maker, Sumitomo Rubber Industries <5110.T>, will take a 1.8 percent stake in Stamford Tyres via a placement of 4.3 million new shares at S$0.35 each, Stamford said. It will use the proceeds for its expansion plans in South Africa.

Source: Reuters
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Re: Stamford Tyres

Postby winston » Thu Dec 09, 2010 8:19 am

Not vested

STAMFORD TYRES - Singapore-listed tyre manufacturer Stamford Tyres said on Wednesday its net profit for the second quarter ended October 31 fell 16 percent to S$1.66 million mainly due to foreign exchange losses and increase in staff costs.

Source: Reuters
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Re: Stamford Tyres

Postby behappyalways » Fri Mar 04, 2016 11:09 am

Stamford Tyres posts 4.6% rise in 3Q earnings to $0.9 mil
http://sgx.i3investor.com/servlets/fdnews/58595.jsp
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Re: Stamford Tyres

Postby behappyalways » Wed Jun 29, 2016 9:47 pm

Stamford Tyres posts 52% earnings growth in FY16
http://sgx.i3investor.com/servlets/fdnews/61924.jsp
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Re: Stamford Tyres

Postby behappyalways » Sat Mar 11, 2017 5:45 pm

Stamford Tyres' 3Q earnings more than double to $2.3 mil
http://sgx.i3investor.com/servlets/fdnews/66816.jsp
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Re: Stamford Tyres

Postby behappyalways » Thu Jun 29, 2017 7:00 pm

Stamford Tyres’ full year earnings treble to $8.1 mil
http://www.theedgemarkets.com.sg/stamfo ... ble-81-mil
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Re: Stamford Tyres

Postby behappyalways » Tue Sep 12, 2017 4:35 pm

stamford-tyres-posts-24-rise-1q-earnings-19-mil-higher-sales
https://www.theedgesingapore.com/stamfo ... gher-sales
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