Posted earlier this week: Review Of Tomypak
Noted from that posting was that Tomypak's fy 10 Q1 earnings was rather weak and that it disappointed.
- 10 Q1 earnings did disappoint. Earnings came in at 5.151 million. Compared to the previous quarter, the decline was drastic and the explosive growth 'appears' to have ended. However some do not like the q-q comparison and they argued that if compared on a y-y basis, the growth is still impressive!
Yes, it's bread or steak time now! LOL!
Is this the start of the end or is this just a blip?
Tomypak announced its earnings tonight.
Here's the compiled table.
Earnings is disappointing again yes?
Company said the following:
- The Group reported a profit before taxation of RM3,718,000 for the second quarter ended 30 June 2010 compared to a profit before taxation of RM5,654,000 in the preceding quarter mainly due to the increase in raw materials prices throughout the current period and realised foreign exchange loss in the second quarter ended 30 June 2010.
How?
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2 comments:
Let the suckers stay on board the sinking boat.
Windfall profit vanishing? It could be disadvantage to a public company for announcing its results. Big corporate customers are normally squeezed purchase price of material after knowing the company enjoys attractive margin.
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