Monday, February 28, 2011

SAAG's Earnings

SAAG reported its earnings. Here's the updated numbers.

Some comments.

1. The decline in sales revenue since fy 2007.

2. The diminishing cash.

3. The incredible increase in debt.

4. The increase in receivables.

Lastly, as mentioned before, in its balance sheet, there's an entry called 'Amount due from customers for contract works'. That amount is now 361.686 million. ( LOL! SAAG do business without collecting from its customers ah?)