operation profit with improving cash flow tick, forex favourable tick, sales demand is almost indefinitely and improving with current tin price tick. turnaround overdue tick... what else...
Recently Tin price averagely sell at 21xxx USD, if this quarter has no any big surprise(touch wood!), the quarterly earning should be quite good. Let time to prove it.
Cash from operation =120,106 before tax after tax etc=98.56mil for 9 months. So full year 100mil above ,probably around 120mil. so very possible to generate RM1 per year
The Group’s share of results of associates and joint ventures recorded a net share of losses of RM29.82 million in 9 months 2016 compared with a net share of profit of RM1.49 million in 9 months 2015. This was mainly due to higher share of losses from KM Resources, Inc. arising from provision of additional prior years tax liabilities in 2Q 2016.
Although tin prices have somewhat improved, market conditions remain challenging as the global commodity and resource sectors are still volatile. The Group’s financial results will continue to be impacted by tin price and foreign exchange fluctuations.
The Group recorded a revenue of RM1.13 billion in the 9 months (9M) of the current financial year, 2% higher as compared with RM1.11 billion in 9M 2015. Group profit before tax was RM46.60 million in 9M 2016 compared with RM7.62 million in 9M 2015. This was mainly due to higher tin prices, better profit margin, a favourable valuation adjustment on tin inventory and a positive impact from foreign exchange differences. The Butterworth international smelting business recorded a profit before tax of RM55.29 million in 9M 2016 compared with a loss before tax of RM0.65 million in 9M 2015. This was mainly due to higher tin prices, better profit margin, a favourable valuation adjustment on tin inventory and a positive impact from foreign exchange differences. Rahman Hydraulic Tin mining operations recorded a profit before tax of RM22.1 million in 9M 2016 compared with RM6.90 million in 9M 2015. This was mainly due to higher sales quantity and higher tin prices in 9M 2016.
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....
LA777
3,383 posts
Posted by LA777 > 2016-12-08 13:01 | Report Abuse
No volume today??