Shares & Derivatives
Hongguo FY09 half year result
By Alen  •  August 11, 2009
[caption id="attachment_2604" align="alignright" width="150" caption="Photo by Hythe Eye"]Photo by Hythe Eye[/caption] Revenue +19.31% Cost of sales +29.31% Gross profit +6.2% Selling and distribution expenses +42.5% Profit after tax 38,022 (-38.69%) Cash and equivalent 208,097 Current liabilities 182,456 Amount repayable in one year 14,426 + 41,008 Cash generated from operation 95,753 EPS 9.58 RMB cts (from 15.63 last year same period) Revenue continue to increase, the company still on the growth track. Gross margin decreased to 38.5% from 43.3%. The retail competition is fierce. Expenses increased because of continue store expansion. But the cost escalation is at alarming level. Read more...
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By Alen
Alen started investing in Singapore market since 2003. He adopt a fundamental driven, small cap bias investment style and believe using stock as a tool to build long term wealth. Constantly searching for multi-bagger.
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