Quarter and Financial Year-To-Date For the three months ended 31 August 2015, the Nylex Group posted lower revenue of RM322.8 million, which represents a decrease of 10.0% from RM358.8 million recorded in the same period last financial year. The reduction in revenue was due to lower contribution from both the Industrial Chemical Division and Polymer Division. As a result of lower revenue generated, the Group recorded lower profit before tax (“PBT”) of RM3.2 million, compared to RM4.6 million recorded in the corresponding period last financial year. The Polymer Division recorded lower revenue of RM27.4 million for the current financial quarter, which represents a decrease of 7.1% from RM29.5 million in the corresponding quarter in Q1 FY 2015 due to lower contribution by its films and coated fabrics segment and also the manufacturing plant in Surabaya, Indonesia as a result of weakening consumer demand. Consequently, the Division registered lower PBT of RM2.4 million compared with RM2.6 million achieved in the same period last year. The Industrial Chemical Division’s revenue decreased by 10.3% from RM329.3 million recorded in the same period last year to RM295.4 million for the quarter, as a result of generally lower product selling prices following the steep decline in crude oil prices. The Division generated lower PBT of RM2.4 million for the quarter, as compared to RM3.7 million achieved in the same period last year. B2. Material Change in the Profit Before Taxation for the Current Quarter as compare
GRAND MASTER CHAMPION SIFU DR NEOH SOON KEAN JUST BOUGHT 1.1 MILLION SHARES OF NYLEX (HIS COMPANY DYNAQUEST SND BERHAD IS TOP 11 SHAREHOLDERS OF NYLEX - SEE LATEST ANNUAL REPORT)
Dynaquest is managing over half billion ringgit for institutions. Once they start accumulating Nylex you won't see Nylex below 65 cents any more. While it's still just grab a little. Say 5,000 shares for less than Rm3,500.
Then see how Nylex perform. Those very sure better load up.
See crude oil falling to $28 now. Nylex main ingredient is oil for resin and plastic polymer. Profits will increase. Also Nylex exports for US$. Falling ringgit double booster.
I saw 12 million shares transacted in and out fashion. I still don't understand this mysterious transaction among Insiders.
And after quite a long while of conservative nibbling Company bought back 5,000 shares from 60.5 cents to a high of 66 cents. I think Insiders is up to "something" which is not clear as yet.
In any case I am happy that Dynaquest is on board. Sure they would have made thorough investigation before investing.
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....
JimYeoh
1,514 posts
Posted by JimYeoh > 2015-10-12 10:45 | Report Abuse
Start picking up! Great news and dividend are coming soon! TP 0.60