As the saying goes, it never rains but it pours - unfortunately for myself, a few of my holdings had chosen to announce results today just as I am scheduled for a busy weekend.
Faced with a list of counters which I would ideally like to look at, I have nonetheless prioritized the review of Sapphire's results as this will be my first review since establishing a position in this counter (here).
Overview
Year-on-Year Comparison
Source: Sapphire's 1H'17 Financial Statement |
Despite a 11.8% year-on-year revenue growth, Sapphire's operating profits had slumped 12.1% over the same period. This is largely due to a fall in gross profit margin. CEO Teh Wing Kwan details the difficulties in the commentary section:
Source: Sapphire's 1H'17 Financial Statement |
Quarter-on-Quarter Comparison
Source: Sapphire's Financial Statements ... |