By: La Papillion Seems like earnings seasons are coming, this means that I have a lot more to do analysing and musing over their results. I'm looking for signs of a general global slowdown due to the subprime fallout (if any). So I'll be looking briefly at results of companies which are of interest to me. 1. Osim announced their 2Q08 results. My take: Still losing money but compared to 1Q08, they improved noticeably, with the EPS going from -2.4 cts in 1Q to -1.1 cts in 2Q. To be fair their operating profit margins improved quarter to quarter, from 2.2% in 1Q to 5.3% in 2Q - still too low for my comfort level. Hello, you are selling luxury products, if your margins so low, how to sustain it when the going gets tough? Too many competitors in the industry all taking a chunk of your profits? Don't bullshit me about population getting older so need more health massage chairs - when there is no money to eat, the last thing anyone will buy is a massage chair. They also mentioned that for brookstone, their ill-fated investment in US, had their closest competitor exiting the business. Must be damn bad, that's my first thoughts. Overall revenue is marginally better, improving from SGD115.6 million in 1Q to SGD115.9 million in 2Q. Brush up your act, Osim, show us a good turnaround story that will get investor rooting for you Read about La Papillion's views on SMRT 1Q results here.