Midas Holdings – reports a good set of Q2-2013 results……on better contribution from associates Monday, 26 August, 2013  11:41 AM
Posted by Kevin Scully

Midas reported a good set of Q2-2013 results with revenue higher by 29% and net profit higher by 779.3%. 

Key highlights of the results are as follows:

a)      revenue rose 29.2% to RMB284mn

b)      pretax profit was 133% higher at RMB19.5mn

c)      net profit rose 779.3% to RMB13.9mn

d)     H1-2013 revenue was up 8% to RMB486.4mn

e)      H1-2013 net profit was lower by 50.8% to RMB8.29mn

f)       H1-2013 EPS was RMB fen 0.82 down 40.6%

g)      H1-2013 NAV was RMB2.42 Yuan or about S$0.506

h)      Gross debt was RMB1.66bn while net debt was RMB1.24bn

i)        Gross and net gearing ratios were …