Fall flat dead sudden killer........no jokes despite price has been falling from several days....... mampus kaw kaw . Really cannot catch a falling sharp knife. Big hailet......one shot on the head to take you down completely.
For the current quarter ended 31 December 2017, the Group recorded a revenue of RM27.5 million, an increase of 91.0% or RM13.1 million as compared to a revenue of RM14.4 million recorded in the preceding corresponding quarter ended 31 December 2016. The Group recorded a net profit before tax of RM3.6 million for the current quarter under review as compared to a net loss before tax of RM1.9 million in the preceding corresponding quarter ended 31 December 2016. The increase in net profit before tax was mainly attributable to higher sales volume achieved and improved operational efficiency.
15. COMPARISON WITH PRECEDING QUARTER'S RESULTS
Revenue of the Group increased by 41.0% to RM27.5 million for the current quarter under review as compared to RM19.5 million recorded in the immediate preceding quarter ended 30 September 2017. The Group recorded a net profit before tax of RM3.6 million as compared to a net loss before tax of RM0.5 million for the immediate preceding quarter mainly due to higher sales volume achieved and improved operational efficiency.
16. PROSPECTS
The operating environment continues to be challenging and the uncertainties in the global economic environment remain high. The Group will actively explore new opportunities for business development and diversification, thereby achieving sustainable and steady business growth. The Directors of the Group anticipate that the Group will achieve satisfactory performance for the remaining quarter.
The last time GENETEC issued dividends was in 2011.. Now again by announcing dividends it sends out a very positive message - GENETEC is healthy with good cash flow, and super cheap..
I think it's just a normal adjustment.. I'm looking for a long term investment as you might not be able to see this price anymore after the announcement of results for a few more quarters..
All these while I have been buying and keeping GENETEC for long term. I don't feel like selling even it's 1.98..2.00 has been my short term target.. Hopefully GENETEC will cross it on Monday. 2.50-3.00 for next few quarters. Good day.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
flyer111
35 posts
Posted by flyer111 > 2017-11-17 11:56 | Report Abuse
everybody,is time to buy now