HISAKA

HISAKA: 2H10 results were strong with rev for 2H10 was 44.3m, +136.7%yoy, +17.5%qoq. Net profit, at $5.1m, a 12 fold increase yoy, +16.9%qoq. Results were due to pick-up in sales tracking the economic recovery. Full yr EPS of 5.13, trailing P/E at 8.2x. Dividend declared of 1.75c compared to 1.00c prev yr. No mention on the dev of its listing of TDRs since Oct.