Libra Group

[yewkim]

Since the new management takeover in Q1 2014, the result is excellent. If this continue and the projected growth by this Chu come about, then the future is bright for Libra. Vested.

[yewkim]

http://infopub.sgx.com/FileOpen/LGL-Ann-...eID=335599

Good news for Libra.

[GFG]

Libra’s 1H2015 Revenue Increases 40% To S$39 million
Highlights
• Gross profit grows 8% to S$7.9 million
• Proposed interim dividend of 0.5 Singapore cent per ordinary share
• Explores new businesses to broaden revenue growth

Overall results pretty much in line with expectations.
Revenue has increased substantially (30% +)
but net profit has actually decreased, reflecting the current tough operating environment, as well as the company trying to get more contracts at very attractive rates, hence reducing the margins

(vested - small amt)

[GFG]

Share price suddenly tanked from $0.145 to $0.09 in a single day.
No news released to the public etc, but I am sure as usual, there's some bad news that only the insiders and related people are aware of, hence the big drop.