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2016-05-20 02:14 | Report Abuse
Latest quarter result looks underwhelming if we look at the headline numbers, with Profit before Tax about RM0.6m.
However, bear in mind SALUTE has just paid RM2.1m for its listing expense, while at the same time suffering from RM0.8m forex losses. SALUTE derives about 90% of its revenue in USD (which makes it a strong USD play), so in a quarter in which USD has been weakening significantly, SALUTE's comprehensive income is negatively affected.
Therefore, if you normalize its performance by stripping the listing expenses and FX losses, SALUTE achieved a Profit before Tax of about RM3.5m, which implies 78% yoy growth as compared to the corresponding quarter ended 31 March 2015.
Stock: [LIONIND]: LION INDUSTRIES CORPORATION
2017-02-24 10:04 | Report Abuse
With EPS 8sen, Lionind is trading at annualized PE of 2.0x.