Goodpack

Goodpack: FY2011 results out. Rev up 28.8% at US$158.6m with net profit at US$43.2m +28.7% yoy. Growth in rev was due to improvement in natural and synthetic rubber sectors which grew 14% and 34% yoy. Co attributed increase in net profit due to demand recovery and penetration of business lines. 2.0c div declared up from prev 1.0c declared in prev yr 2010. Co is now trading at 15.6x P/E