Shares & Derivatives
Sapphire 1H’17 Results – Turnaround Continues
By 10% Per Annum  •  August 11, 2017
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
The company pledges to manage costs more cautiously over the next phase of construction in 2H'17.
Quarter-on-Quarter Comparison
Source: Sapphire's Financial Statements ...
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By 10% Per Annum
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