- Net Profit up 28% and Revenue up 82% since last Q2 2010. Both are good showing.
- This brings about a 6% increase in 9 months profit and 43% increase in 9 month revenue.
- Net Asset Value (NAV) is indicated at $0.32. Current traded share price is $0.21. The stock is currently trading 34% below NAV.
- Gross margin fell from 14% to 9.5%, mainly due to higher cost of inventory as inventory purchase recently are higher.
- Inventories and Receivables are much higher. Particularly Receivables saw a 100% increase. Trade Payables have increase a lot as well.
- Cash on hand was less, falling from 41 mil to ...
We profile steel stockist Asia Enterprise Holding in the past here at Investment Moats and I invest a little bit in it. [Analysis here>>]
The company announce their 3rd quarter 2011 profits this evening. Here are my take on it:
