Nicorp and ze Sauce!

Last Friday, Oct 7th 2005, there was an article on Star Biz on Nicorp.

See: Nicorp bids for contracts in O&G Sector

[Snip]

• “Naim Indah is very happy with its performance. The company's plans to venture into the oil and gas sector is a diversification strategy,” said a source close to the company.
  He said that venturing into this sector was a right move following the surge of oil prices.
  Naim Indah is believed to be close to securing local contracts worth several hundred million ringgit.
  As of end March this year, Naim Indah posted a net profit of RM6mil on the back of RM22.3mil in revenue. Its debts stood at RM2.8mil with RM137,000 in finance costs.
  Securing any contracts in this sector is expected to be significant for Naim Indah as it can mark a turning point for the company.
  

[snip]

It really bugs the hell out of me whenever i read in the newsmedia this phrase "according to source(s)."

Hello world! What source(s) are we toking here? Maggie Sauce? or Chili Sauce? or issit See-Yaw?

So according to this sauce... “Naim Indah is very happy with its performance."

Sayyyyyy.... correct me if i am wrong here.... aren't we ONLY happy if and when OUR company is making big, big Moola?

Tiok boh?

We make moola... we be happy. Tiok boh? Sing when we are winning, eh?

Well just how is Nicorp doing?

Yes... "As of end March this year, Naim Indah posted a net profit of RM6mil on the back of RM22.3mil in revenue" .

That statement is true.

But.... but.... butt.... butttt.....

Six months have passed since then.

And 2 quarterly earnings have been posted by Nicorp since then...

see: Nicorp's last 5 quarters earnings

How brown cow?

Naim only has a sales revenue of around 3.71 million for the first half of the year. And a loss of 709k for the first half of the year.

Kakakaka....

Die larfing lah.....

And i wonder... i really wonder..... who this source is? The source who is allegedly close to Nicorp. The source who proudly proclaims to the planet Malaysia that Nicorp is very happy with its performance.

Hmmm.... i just wonder who and what this source is lah!!!

yeah... maybe... perhaps... it was plain old Maggie Sauce!

yeah.....

Show Me Ze Sauce!!!

:D