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12-05-2012, 04:30 PM
Tien Wah's depreciation and amortisation amounted to RM 7m in 1Q, or RMB 28m per year.
With the completion of equipment acquisition in 2011, annual profit of around RMB 37m (last year's) plus RMB 28m non-cash expenses (in depreciation and amortisation) will be sufficient for regular dividend payment (RM 13m for 2011) and retiring the entire RM 102m bank borrowings within two years.
With the completion of equipment acquisition in 2011, annual profit of around RMB 37m (last year's) plus RMB 28m non-cash expenses (in depreciation and amortisation) will be sufficient for regular dividend payment (RM 13m for 2011) and retiring the entire RM 102m bank borrowings within two years.