Net Profit down 50% but Profit Before Tax up 183%. So in term of operating profit, it is actually improved compare to same quarter of preceeding year. The drop in NET PROFIT was due to the INCOME TAX EXPENSES.
Don't panic. Profit is way better compared to last year corresponding quarter. It's just that they recorded less deferred tax assets in respect of unutilised reinvestment allowances which is non-cash. In fact the unutilised reinvestment allowance of the Group available indefinitely for off setting against future taxable profits increased to RM450 million compared to RM410 million last year. Please correct me if I'm wrong.
bought since 2008 and hold till now, didn't take profit when it was 1.20+ few days ago. nevermind, think now is the opportunity to accumulate more. got 1.10, 1.09 and now wait 1.08 and 1.05.
As such, the state executive council has agreed with a proposal by the Penang Water Supply Corporation to increase the water tariffs to check against indiscriminate water usage and wastage," he told reporters after chairing the weekly state executive council meeting in Komtar here today.
revenue increase and profit will increase...however, there are a lot of old and leaking pipes.If they decide to repair it, then another story again....
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TheOneZ
32 posts
Posted by TheOneZ > 2014-02-11 22:23 | Report Abuse
Calvin Tan
You are right in directing people to the fundamentals counters!
You had commented that SILK will DOUBLE IN PRICE in no time and it REALIZED!So whats your TP for PBA?
Regards