I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday 5 May 2011

Hyflux Q1 net profit up 15% on higher margins

SINGAPORE - Singapore water treatment company Hyflux said on Thursday its first quarter net profit rose 15 per cent from a year ago due to better cost management that contributed to higher margins.

It earned S$7.4 million (US$6 million) in the three months ended March 31, up from S$6.4 million in Jan-March 2010.

Revenue, however, fell 14 per cent to S$86.8 million.

Looking ahead, Hyflux said it expected future growth to come from Singapore and China, where a total of S$850 million worth of contracts were secured during the quarter under review.

'China's multi-pronged approach to tackle its water security issues will translate into opportunities for Hyflux,' group CEO Olivia Lum said in a statement. -- REUTERS
Posted by Createwealth8888 at 19:09
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