Silver Chef's profit storm in a tea cup

Silver Chef delivered a half year result that blew past its dire profit forecast back in December, with management appearing to overestimate the full-year profit decline.

When is a profit warning not a profit warning? This is the question many investors will be asking Silver Chef (SIV) after the commercial equipment rental group delivered a half year result that blew past its dire profit forecast back in December.

The stock surged 13.2% to its highest level in 2014 of $6.00 when management reported a 26% uplift in revenue to $67.4 million and a 10% increase in net profit to $6.5 million for the six months to end December.

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