After so long time,
finally I am able to write about the latest financial result of TOPGLOV which released last month.
First of all,
I was happy to see the growth of the revenue.
HOWEVER,
when I saw the higher operating expenses thus lower profit,
I totally felt like stepping on a shit:
Aiks..........
At the end the EPS also not beautiful at all:
The management explained that the main reason of higher cost is because of the 22% increase of Natural Rubber Latex Price.
TOPGLOV had revised to higher average selling price starting month of May,
so let's see how will profit be at next financial report~
If looking at the cumulative 3 quarters result,
the revenue actually grew by 20.5%,
sales volume increased by 15%,
but profit after tax dropped by 12.5%...........
The expansion plan:
Lastly the prospects:
The company recently launched a Biodegradable glove,
starting to be more environmental friendly.
That's all for the financial report,
for more details please feel free to download it from BURSA website and read it.
Investment is about doing own thinking, making own decision.
Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
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