It posted a net loss of RM167,000 for 1QFY20 compared with a net profit of RM1.98 million a year ago. As a result, it posted a loss per share of 0.02 sen compared with an earnings per share of 0.2 sen a year ago.
Revenue for the quarter, however, rose 3.9% to RM95.73 million from RM92.16 million in 1QFY19, thanks to contribution from the sexual wellness segment which grew by 5.1% year-on-year due to stronger condom sales from the commercial and own brand segments.
summary: "2019 AGM Highlights the challenges that is faced by Karex which are their raw materials in respect of the exchanges rates, global volatility, oil prices, latex prices, trade war between China & USA and UK with Brexit. Labour cost also continues to increase. Apart from that, the world is not looking into HIV/AIDS as much as global warming, China also has abandoned one child policy hence the government reduces their purchase which caused a supply chain destruction..."
Something is behind the company, maybe a good news perhaps, short term remain uptrend, possible 0.6 by next week. Funds are holding this company, do u think they want to close it at lower price to affect their performance? Think twice and good luck, see you at 0.6 this week .
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....
Ex7121
221 posts
Posted by Ex7121 > 2019-12-12 13:44 | Report Abuse
Can't shoot high coz wearing condom