first quarter turnaround

  1. 1,544 Posts.
    lightbulb Created with Sketch. 5
    Good to see KLM report a $1.37m EBIT ($0.95m NPAT) for first quarter - turnaround from last years loss. Puts it on track for NPAT of around $3.8m for fy10 and P/E about 7 at current prices.

    Also net cash position (about 6.5cps) and a regular dividend payer - probably pay out 2-3cps this year.

    Overall, still reasonable value, despite the heavy run-up of late.
 
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