134m market cap net cash 35m cash from operation with management came out on news say business is good and management keep buying.... no point to sell lol.... those goreng kaki can leave XD
The main reasons contributing to the increase in results are as follows: 1. Depreciation of Ringgit Malaysia against USD. 2. Gain on dissolution of subsidiary amounting to RM3.71 million. 3. Reversal of receivable and inventories amounting to RM1.16 million and RM1.22 million respectively. 4. Continued improvement of production efficiency and effectiveness. 5. Improve in interest income in the quarter under review.
Dufu has a 50% dividend payout policy. Will they pay based on the net profit? Or subtract out the extraordinary items from the profit? Any accountants can help?
Agreed on the part of significant of improvement coming from non recurrence profit of sale of sub and impairment but again their GP did improve by 8% which may due to production efficiency and effectiveness as claimed which is very good sign for future growth.
Kudos to management of Dufu for making the company amongst the few listed companies with december year end in Bursa that issu company's audited accounts this early. That proves management's commitment to transparent and good corporate governance leaving little excuse to the existing shareholders to sell their shares now.
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DL60
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Posted by DL60 > 2017-02-08 17:46 | Report Abuse
Director buys again. Shares price shall be stable for the time being.