Update on Transmile

I wrote the following blog posting on Transmile last year.

Transmile reported it's earnings today:

TABLE: Malaysia's Transmile 4Q Net MYR43.7M Vs MYR18.2M


   Transmile Group Bhd (7000.KU) - Malaysia
   4th quarter ended Dec. 31:
   Figures are in Ringgit (MYR).
                                 2005               2004
Revenue                MYR306,687,000     MYR128,124,000
Pretax Profit              64,005,000         39,329,000
Net Profit                 43,740,000         18,160,000
Earnings Per Share          19.96 Sen          10.61 Sen
Dividend                     3.00 Sen           3.00 Sen
   12 months ended Dec. 31:
Revenue                   606,210,000        346,180,000
Pretax Profit             120,959,000         86,620,000
Net Profit                 85,852,000         45,463,000
Earnings Per Share          39.19 Sen          26.55 Sen
Dividend                     3.00 Sen           3.00 Sen

~~~~~~~~~~~~~~~~~~~~~~~

Now that's really a nice result... which means Transmile last 4 quarterly net earnings displayed a strong earnings growth per quarter like this below...

Q1 net profit = 10.816 mil, Q2 net profit = 13.206 mil, Q3 net profit = 18.090 mil, Q4 net profit = 43.740 mil

Impressive?

Slight problem... cos if you look at the blog posting again Mile High Projection , I wrote the following issue...

Now this one tiny-little-itsy-bitsy-problem.

Ze market sifus is EXPECTING and PROJECTING (some call it assuming - LOL - making ze ass-out-of-u-and-me mah) a net profit of over 105 million for the current fiscal year.

Transmile did a very impressive 85.852 million, however as impressive as the earnings is, this set of earnings numbers is way BELOW the so-called sifu's estimates!

Oh.... oh... how?

Makes you wonder... did Transmile did so poorly or did the sifu itself did so poorly!!!!!

Here's a newsclip on Transmiles earnings: Transmile's net profit up 88.8% in FY05