Back in April 2014, I posted an analysis on Tat Seng Packaging Group. As you may already be familiar with, I base my stock selection and analysis on numbers. Back then, Tat Seng was trading cum dividend (1 cent) at 33.5 cents. At 33.5 cents, Tat Seng's price-to-earnings (P/E) ratio is 4 times, with 34% off its book value and 6% dividend yield. That to me cries out cheap, and I went ahead to secure some Tat Seng shares. Past forward one year and it's time to review Tat Seng's fortunes. On 27 Feb 2015, Tat Seng released its full year 2014 results. Earnings Per Share Tat Seng's 2014 full year earnings per share (EPS) is 6.04 cents. This is 20% less than previous year's EPS. If we scrutinise the income statement below, we can see that the poorer results were not due to ......