Ellipsiz: Revenue at $42.6m +21.4%yoy -4.5%qoq. Net profit at $1.8m -87.4%yoy -43.7%qoq. Decline yoy was due to high base of prev yr boosted by an insurance claim and quarter decline due to a gain in disposal of an asset in prev quarter...
Stripping out disposals and insurance claims, Net profit would be at +19.3%qoq and an improvement over a loss yoy. Gross margins 22.6% was slightly down from 23.1% in prev quarter. For the half-yr distribution & services improved 44% higher than 1HFY2010. Co is trading at relatively low trailing P/E of 5.6x.
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