of course removed successful.. otherwise it will show the chairman really has no balls.. that director is just a small fly and though he owns 7% previously he almost sold out now.. I do not understand why everyone is so panic about removing just one director from the board...
the price seems like under pressure, coming quarter results to be released on beginning in August? til now not attracting much investor to buy...hopefully it will hit target price = RM1.00!
chairman hold more than 40% in the company..nett cash company..low share issued..decent dividend histories..money making machine..undervalue stock compared to peers, if is not a time bomb about to explode what else
The Group recorded a higher revenue of RM215.99 million for the current quarter under review, compared to RM152.81 million for the corresponding quarter in the preceding year, which represents an increase of 41.35%. The increase is mainly due to the market positioning of the Group in the region.
The Group recorded a lower profit before tax for the current quarter under review of RM5.48million,representing an decrease of RM1.88 million compared to the profit before tax for the corresponding quarter in the preceding year of RM7.36 million. The decrease is mainly due to lower gross profit margin and higher expenses.
Impressive revenue growth generated from increased sales volume in Vietnam which contributed about 30% to the current quarter. Investors need to take note that Samchem is one of the only three major petrochemical distributors in Vietnam. Vietnam is a platform for sales of its products to Laos and Myanmar. Sales grew by over 40% in Indonesia. On long term basis, the market positioning of Samchem will enable it to gain a larger market share in these countries.
Inventories and Trade Receivables built up in this quarter will be translated into higher revenue in subsequent quarter. As a distributor, it will be able to transfer its increased costs to its purchase price to be absorbed by its customers.
How can be blind or dunno how to read? So much increase in revenue but a drop in profit ...it could have been a bloody loss... Danger zone buddy... Looks like the Buckle up was for a drop. Haiz....
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ttluck
769 posts
Posted by ttluck > 2017-06-23 17:14 | Report Abuse
yea, removal of ED,Ng successful?