2018Q4 results, Rev RM115.8M Net profit RM7.5M EPS 3.57cts. No where in the financial report was there mentioned of a property sale with gain of 4.5M which was only mentioned in today's 2019Q1 report. It was hidden under "Others Segment"
"The higher profit was mainly due to increase of profits from Cambodia apparel segment and printing and embroidering segment which eliminated the impact of lower profits achieved in China Apparel segment and a better cost management strategy implemented by Cambodia Apparel segment".
If the management had mentioned the one off nett gain from land and property sale of 4.5M, without which the EPS for 2018Q4 would have been only about 1.4cts instead of 3.57 cts.
Since that not very revealing 2018Q4 quarterly results, the Chan family who are the directors and major share holders have dumped more than 38M shares.
Stock: [PCCS]: PCCS GROUP BHD
2019-08-30 22:36 | Report Abuse
2018Q4 results, Rev RM115.8M Net profit RM7.5M EPS 3.57cts. No where in the financial report was there mentioned of a property sale with gain of 4.5M which was only mentioned in today's 2019Q1 report. It was hidden under "Others Segment"
"The higher profit was mainly due to increase of profits from Cambodia apparel segment and printing and embroidering segment which eliminated the impact of lower profits achieved in China Apparel segment and a better cost management strategy implemented by Cambodia Apparel segment".
If the management had mentioned the one off nett gain from land and property sale of 4.5M, without which the EPS for 2018Q4 would have been only about 1.4cts instead of 3.57 cts.
Since that not very revealing 2018Q4 quarterly results, the Chan family who are the directors and major share holders have dumped more than 38M shares.