Recently, Tai Sin Electric Limited had announced their full year financial statement for the year ended 30 June 2018. A dividend of 1.50 cents was also declared.
I have done My Personal Analysis on Tai Sin Electric Limited last year (2017) and have added this small cap stock to my wife’s stock portfolio. The stock price had declined slightly since I bought this stock for my wife. Cable & Wire business segment, which was the main revenue contributor to Tai Sin Electric Limited was affected by the increase in copper prices over the past quarters. This have caused their gross profit margins to be compressed.
Now, let us look at their FY18 full year results ended 30 June 2018.
Revenue was higher by $44.889 million, up 16.05% to $324.542 million when compared to $279.653 million from the last financial year (FY17).
The revenue comes …