Stamford Tyres' Attributable Profit Slides 88% in Fiscal H2
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Stamford Tyres' attributable profit to equity holders declined by 88% in the fiscal second half to SG$520,000 from SG$4.4 million a year earlier, according to a Friday filing with the Singapore Exchange. Shares of the company were up over 2% in early Monday trading. Earnings per share dropped to SG$0.0022 in the six months ended April 30 compared with SG$0.0185 in the comparable period. Revenue was up 4.6% year over year to SG$93.2 million from SG$89.2 million, due to higher sales in the North Asia and Southeast Asia markets.
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