Can-One Vindicated

I usually do not refer back to my previous postings even when its "right". Just look at the financials of their latest quarterly. Naturally, the contribution from Kian Joo served as a huge fillip to their bottom line. No matter how you cut it, its still 59 sen EPS per quarter. So technically, ONE TIME P.E.R.??? Of course you have too look at the liabilities jump from having to purchase, just over RM300m. Gawd, they made RM90m in one quarter, they probably can cover the entire liability in a year.


Even if you take out Kian Joo, Can-One's own operations did spectacularly well too. They posted RM12m profit, last year same quarter was RM4.5m. Are we convinced?

http://malaysiafinance.blogspot.com/2012/01/sure-can-one.html

http://malaysiafinance.blogspot.com/2012/01/kian-joo-and-can-one.html

http://malaysiafinance.blogspot.com/2012/01/can-one-from-wilderness-to-top-of-pack.html

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2012

     
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
     
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
     
31/03/2012
31/03/2011
31/03/2012
31/03/2011
     
$$'000
$$'000
$$'000
$$'000
1Revenue
181,661
131,015
181,661
131,015
2Profit/(loss) before tax
94,563
5,079
94,563
5,079
3Profit/(loss) for the period
92,120
4,299
92,120
4,299
4Profit/(loss) attributable to ordinary equity holders of the parent
91,334
3,951
91,334
3,951
5Basic earnings/(loss) per share (Subunit)
59.93
2.59
59.93
2.59
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
2.0624
1.4674

Remarks :
The Directors do not recommend the payment of any interim dividend for the First Quarter ended 31 March 2012.

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