Dyna-Mac Holdings' net profit jumped 23.2% to $7.5m
Its order book also improved to $246m.
According to OCBC Investment Research, Dyna-Mac Holdings reported revenue of S$76.6m (+32.6% YoY) and net profit of S$7.5m (+23.2%) for 2Q13.
Here's more:
The results were in-line with our expectations such that 1H13 net profit formed 50% of our FY13F estimates. The order-book improved to S$246m, up from S$113m just three months ago, providing visibility over the next one year.