Armstrong: 3Q revenue at $58.0m was higher 18.7%yoy and 4.5%qoq. Profit to owners was $5.1m a 13.2% gain yoy but 35.6% lower than prev quarter. Higher material costs due to a stronger JPY and increased admin expenses contributed to the fall compared to Q2. Geographically China (32.2% of rev) overtook Singapore (29.0%) as the top revenue contributor, with both the automotive and consumer electronics business posting strong growth of 55.4% and 45.3%...
…Co also posted EPS of 0.91c for 3Q, YTD of 3.74c, compared to est 2010 EPS of 5.00c, they are within expectations. USD Sales reported in SGD will continue to be negatively impacted by USD strength but major segments are expected to grow steadily including HDD sector in 4Q.
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