Yeah still on track everything. And surprise they declared second interim dividend of 1 sen. Only one query is they din disclose how much the provision for doubtful debts
Another thing is inventories balances increased from rm80m (3Q16) to rm104m (2Q17) by 30%, while sales increased from rm116m (3Q16) to rm123m (2Q17) by 6% only. That's why GP margin reduced from 18% (3Q16) to 15% (2Q17) due to facing margin compression for this period. Anyway I wish management can control well the stock level. Hoping the new local marketing arm (Able Dairies S/B) shall able to digest such high inventories balances in 3Q17 and achieve higher sales and profit.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
shpg22
2,984 posts
Posted by shpg22 > 2017-08-24 23:43 | Report Abuse
Revenue for FY2017 1st half still up 9.2% YoY while profit 24% YoY. No worry, still on track.