Singapore Stock Market News
DMX Technologies - Could be better...
StockFanatic
Publish date: Wed, 27 Nov 2013, 10:07 AM
StockFanatic
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■... dragged by a forex loss. DMX's 3Q13 net profit of US$7.2m was in line with our expectation but included a US$1.1m forex loss due to the sharp depreciation of Indonesian Rupiah (to-date, DMX has suffered total US$1.5m loss for this). The other key variances include better-than-expected sales but offset by lower-than-expected margins. 9M13 results represent 51% of our-full-year forecast. However, 4Q is traditionally the strongest quarter for DMX.
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