Midas Holdings - one of My Stock Picks, delivers a good set of FY2013 results with net profit of RMB47.7mn up 67.2% Monday, 3 March, 2014 6:57 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Midas Holdings reports strong FY2013 results with net profit at RMB47.7mn up 67.2%. These results show that the Group is slowly moving back and on the way to fully recovery. Dont forget that Midas reported a loss in Q1-2013 of RMB4.9mn. Q2 2013 saw the group return back to the black with profit of RMB14.9mn. Q3 2013 saw Midas' profit rise again to RMB16.4mn. This would mean that it made about RMB21.3mn in Q4-2013.
The table below summarises the FY2013 results:
2013 | 2012 | % | |
FYE Dec 31 | RMB mn | RMB mn | chng |
Revenue | 1147.57 | 869.51 | 32.0% |
Associates | ... |