Friday, March 4, 2011

First Resources rated 'hold' by Phillip Securities

Stock Name: FirstRes
Company Name: FIRST RESOURCES LIMITED
Research House: Phillip Securities

Phillip Securities Research in a Mar 3 research report says: "FY2010 revenue increased by 51% y-o-y to US$330 million with a net profit of US$151 million. CPO production increased by 2.2% to ~377,000 MT. FY2010 gross profit of US$212 million is 63% y-o-y higher than FY2009 gross profit of US$131 million.

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