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
1	Revenue	181,661	131,015	181,661	131,015
2	Profit/(loss) before tax	94,563	5,079	94,563	5,079
3	Profit/(loss) for the period	92,120	4,299	92,120	4,299
4	Profit/(loss) attributable to ordinary equity holders of the parent	91,334	3,951	91,334	3,951
5	Basic earnings/(loss) per share (Subunit)	59.93	2.59	59.93	2.59
6	Proposed/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
7	Net 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.