Wednesday, May 19, 2010

Sino Hua An's Press Conference After AGM

I made a couple of postings on Sino Hua An yesterday. Update on Sino Hua An Losses and Sino Hua-An Lost Money.... Again

On today's Star Business: Sino Hua-An eyes coke plant



Smiling faces.

Here's the link to their annual report Annual Report 2009

  • The financial results of the Group for the financial year 2009 have been rather vacillating whereby months of recoveries, albeit small and gradual, were met with periods of pullbacks. As a result, in the full year consolidated financial result, the Group had to succumb to registering a loss for the year of RM20.6 million.....
  • If we look at this result from a recovery standpoint, this RM20.6 million loss for the full twelve months is significantly lower in comparison to the RM83.6 million loss that was suffered just in the fourth quarter 2008 alone, the amount of which had the depth and intensity of wiping out almost the entire profits earned in the earlier nine months of 2008.


ps: Last fiscal year? The company made 545 thousand.
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1 comment:

  1. random11:12 AM

    Translation to the company notes:

    dear shareholders, 2009 was a very rocky year. After so many ups and downs, we still lost 20 mil

    but don worry because it we lost less compared to 83 mil in 4th quarter 2008 alone

    so losing 20 mil in 12 months compared to losing 83 mil in 3 months is an improvement

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