Vested - I am not an expert in financial analysis but I believed Sapphire has posted a decent Q3 result.
Sapphire: Reports 9M2010 NPAT Of S$88.4 Million On Contributions From Special Steel And Fair-Value Gain Of HKSE-Listed Mine Operator.
08 Nov 2010
"Sapphire Corporation Limited said its net profit attributable to equity holders for the January-September period soared to S$88.4 million from S$3.6 million for 9M2009, lifted by higher contributions from its steel subsidiary and a fair-value gain on a 9.2%-owned mine operator listed in Hong Kong. The higher profit was achieved on the back of a 27.6% increase in revenue to S$71.1 million for 9M2010 from S$55.8 million for 9M2009, largely contributed by the sales from Nejiang Chuanwei Special Steel Co., Ltd, a 70%-owned subsidiary of Sapphire. For 9M2010, Sapphire consolidated the full nine months of revenue from Special Steel compared to four months in 9M2009."
Extracted from the latest financial report.
"On the corporate front, in a bid to raise investor interest and enhance shareholder value, the Company is currently exploring a transfer to the SGX Mainboard as well as the consolidation of its shares."