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1Q 2021 versus 4Q 2020
Financial Performance
• The 1Q 2021 results were still impacted by the effects of COVID-19. Group PATMI at
$6.2m fell $1.2m or 16.0% against 1Q 2020
QTRLY EBITDA S$9.4 MILLION VERSUS S$10.7 MILLION.QTRLY REVENUE S$24.1 MILLION VERSUS S$25.3 MILLION.NON-VEHICLE TESTING BUSINESS IS EXPECTED TO CONTINUE TO FACE CHALLENGES AHEAD.
• Government Reliefs of $0.6m
Revenue↓$0.3m or 1.4% Lower revenue from vehicle testing as backlog inspection of private cars deferred during Circuit
Breaker were completed by 4Q 2020, offset by higher revenue from non-vehicle testing as situation has improved and workload has gradually increased
• Healthy cash balance of $94.8m to weather prevailing uncertainties (SO MUCH CASH!! CDELGRO GOT TO MILK IT!)
• Net cash generated of $1.6m during 1Q 2021
Financial Performance
• The 1Q 2021 results were still impacted by the effects of COVID-19. Group PATMI at
$6.2m fell $1.2m or 16.0% against 1Q 2020
QTRLY EBITDA S$9.4 MILLION VERSUS S$10.7 MILLION.QTRLY REVENUE S$24.1 MILLION VERSUS S$25.3 MILLION.NON-VEHICLE TESTING BUSINESS IS EXPECTED TO CONTINUE TO FACE CHALLENGES AHEAD.
• Government Reliefs of $0.6m
Revenue↓$0.3m or 1.4% Lower revenue from vehicle testing as backlog inspection of private cars deferred during Circuit
Breaker were completed by 4Q 2020, offset by higher revenue from non-vehicle testing as situation has improved and workload has gradually increased
• Healthy cash balance of $94.8m to weather prevailing uncertainties (SO MUCH CASH!! CDELGRO GOT TO MILK IT!)
• Net cash generated of $1.6m during 1Q 2021
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!