Shares & Derivatives
China Animal Healthcare (CAH) reports 34% fall in net profit to RMB36.7mn on30.6% rise in revenue to RMB171.6mn……but its a good set of results !!!!
By Kevin Scully-Financial Blog  •  May 1, 2012
China Animal Healthcare (CAH) reports 34% fall in net profit to RMB36.7mn on30.6% rise in revenue to RMB171.6mn......but its a good set of results !!!! Tuesday, 1 May, 2012  2:22 PM Posted by Kevin Scully  CAH released its Q1-2012 results on April 30, 2012.  Without going into the details the results look disappointing but I am quite happy with them at the operational level.  The table below shows why:
Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012
RMB mn RMB mn RMB mn RMB mn RMB mn
Revenue 131.34 214.1 208.88 213.79 171.57
Gross profit 99.77 152.18 145.59 152.47 122.90
Gross margin (%) 76.0% 71.1% 69.7% 71.3% 71.6%
Fair value adjustment 23.66 6.49 0.00 5.08 3.79
Pretax 64.67 89.16 ...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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