Nam Lee reported their half yearly results last Friday which I quickly want to update after my last post on the company a year ago. The company has continued from their momentum last year to churn out good operational performance this half yearly and this is evident from the 27.4% increase year on year from the gross profits and 18.8% increase year on year based on net profit. A more detailed breakdown can be seen from the table below: In terms of cashflow, we all know how much they rely on their working capital due to the nature of the business, keeping inventory, longer cash conversion cycle, etc. In this regard, investors who are seeking for companies that are cash rich might be disappointed to know that they will continue to keep their cash for working capital purpose. For those who are curious, their cash equivalent (including long ......