29-02-2012, 11:56 PM
To be meaningful, it pays to scrutinize Harry's FY11 full-year result.....
http://info.sgx.com/webcoranncatth.nsf/V...2002C1C21/$file/Harry_FY2011_Results_Final.pdf?openelement
and compare it with the 1H-FY11 result....
http://info.sgx.com/webcoranncatth.nsf/V...A003E65E4/$file/Harry_Results_Announcement_1H2011.pdf?openelement
2H's revenue at $24.267m is $1.567m (or 6.9%) higher than 1H's at $22.7m, and Harry's actually registered a profit turnaround in 2H - with a NP of $643k, vs. a net loss of $408k (revised to a smallish NP of $18k, if we exclude a $426k charge on IPO costs) in 1H. So there is evidence that the business and profitability are improving. We should also note that as at 31Dec11, Harry's at group level was in a net cash position to the tune of approx. $4.3m.
http://info.sgx.com/webcoranncatth.nsf/V...2002C1C21/$file/Harry_FY2011_Results_Final.pdf?openelement
and compare it with the 1H-FY11 result....
http://info.sgx.com/webcoranncatth.nsf/V...A003E65E4/$file/Harry_Results_Announcement_1H2011.pdf?openelement
2H's revenue at $24.267m is $1.567m (or 6.9%) higher than 1H's at $22.7m, and Harry's actually registered a profit turnaround in 2H - with a NP of $643k, vs. a net loss of $408k (revised to a smallish NP of $18k, if we exclude a $426k charge on IPO costs) in 1H. So there is evidence that the business and profitability are improving. We should also note that as at 31Dec11, Harry's at group level was in a net cash position to the tune of approx. $4.3m.