Shares & Derivatives
Yongnam: FY 2011 results.
By A Singaporean Stockmarket Investor (ASSI)  •  February 29, 2012
Went through Yongnam's FY2011 results as I munched on my lunch of wholemeal bread with margarine. I am very impressed with the results. For a company in a sector which is expected to suffer from the vicissitudes of cyclical effects with weak margins, it has done really well. Year on year, revenue dipped 0.7% while gross profits improved 8.2%. Gross profit margin improved from 28.6% to 31.1%! This shows an increase in productivity. I always like using less resources to do more. EPS improved 15.5% year on year from 4.38c to 5.06c. NAV improved from 18.92c to 23.25c. This is an increase of 22.9% as gearing reduced 38.8% from 0.49x to 0.30x. Earnings and assets are up while borrowings are down. Very nice. To make the picture nicer, a dividend of 1c per share has been declared. This represents a pay out ratio of about ......
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By A Singaporean Stockmarket Investor (ASSI)
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