SAI Global Limited (ASX:SAI) today announced a statutory half-year net profit after tax attributable to shareholders of $21.7M, representing an increase of 29.1% over the corresponding period. Underlying net profit, which backs out the impact of significant charges, was $22.1M, an increase of 12.7% over the underlying profit in the corresponding period.
Asian Activities Report for August 19, 2011 includes: SmartTrans Holdings Limited (ASX:SMA) has signed a binding agreement with China Mobile (HKG:0941) (NYSE:CHL) that allows SmartTrans to collect payment from China Mobile customers; Golden Rim Resources Limited (ASX:GMR) today announced copper and gold intersections from the second program of reverse circulation drilling at its Balogo Project in Burkina Faso; Highlands Pacific Limited (ASX:HIG) said today that its fully constructed US$1.5 billion Ramu Nickel project in Papua New Guinea will commence ore commissioning activities at the Basamuk treatment plant in September; Aquila Resources Limited (ASX:AQA) said today that the Queensland Government has granted the Mining Lease for the Eagle Downs Hard Coking Coal Project in Central Queensland; Suven Life Sciences Limited (BOM:530239) has been granted 4 product patents for the treatment of Neurodegenerative disorders.
SAI Global Limited (ASX:SAI) today announced a record net profit after tax attributable to shareholders of A$44.8 million, representing an increase of 32.9% over the corresponding period. Underlying net profit, which backs out the impact of significant charges, was A$48.0 million, an increase of 42.4% over the corresponding period.
The world's leading technology giants in smart grid, IBM (NYSE:IBM), Capgemini (EPA:CAP) and SAP (NYSE:SAP) announce to support this year's largest and most important India smart grid event World Smart Grid Conference Series-India Week 2011.
Chief Economist, Clifford Bennett, is widely recognized for his often market leading and insightful economic and financial market forecasts. Clifford has 25 years international experience with some of the world's leading investment banks, and was named the "world's most accurate currency forecaster" by Bloomberg News NY. Clifford is the author of "Warrior Trading" published by John Wiley & Sons New York, and frequently appears in the financial print and television media.
Global markets continue to unfold according to our "Grand Bull Market" says Clifford Bennett of Herston Economics. The US dollar remains on the main stage, although the Euro has grabbed the centre, and is likely to continue to make strong gains throughout the year. ECB President Trichet may well follow through on yesterday's comments and hike by 25 points at the next meeting.
Clifford Bennett of Herston Economics says equity markets are stabilizing, before resuming a bullish trajectory in coming days. As expected equity markets will be moving higher alongside a higher oil price. Underlying all this will be a falling US dollar which is good for equity markets, the US economy and commodities. Clifford Bennett suggests caution regarding some commentators who keep suggesting doom and gloom which risks people missing out on what is still a very strong bull market and period of global economic prosperity.
