Sunday, 29 April 2018

OFI 3rd quarter 2018 financial report


Today let's continue the follow up of the snack company--OFI.

 First let's have a look at the latest financial result which released at end of February:
Hmmm....
Revenue not bad, got some improvements,
but........
the cost of sales also rose,
at the end the gross profit was lowered...........

 And then:

All the high expenses caused the profit to be lower..............

 Anyone still remember that OFI spent a lot of money to acquire new machines?

The money spent on purchasing property, plant and equipment was a lot less than year 2016,
Phew.......
the company finally can be little more relieved from the losing of cash.....
In two years time,
the company changed from a cash rich company to now only have the money which borrowed............

 Well,
actually the revenue was not bad at all:

It just felt like.............
The cake kept growing bigger and bigger,
but we just couldn't taste it............

 The prospects from the company:
When will the new product lines start contributing?

 Every time I went to supermarket,
I always checked whether there is any new products by OFI,
and the result was NONE...........

 By the way,
the dividend:

The proposed dividend is 0.5sen,
last year same quarter was 1.0sen,
reduced by 50%..........

 Of course,
the company is having hard time,
so is hard to maintain the payout of dividend.

 What will happen to OFI at the future?

 Even though I do not own any OFI shares currently,
but I always pay attention to it.
For me,
I think this company will be a very interesting case study~

 Investment is about doing own thinking, making own decision.

 Thanks for reading.
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