New Toyo

[portuser]

Yen family need to be thorough questioned. If other Cigaratte related Co. all doing so well, why would ppl want to believe its EPS is falling.

New Toyo's 2Q group profit fell from $8.69m to $6.35m on two counts.
First, its associated companies, including Shanghai Asia, contributed $2.38m in 2Q 2011; but a small loss in the corresponding period of the current year.
Not only Shanghai Asia did not contribute in 2Q 2012 after becoming a cash company, it incurred a one-off loss of RMB 7.7m in 2Q 2012, paying its CEO the last bit of his salary and professional fees in search of a new business.
Second, in 2Q 2011, Tien Wah recorded a gain of $0.62m from disposal of a property.
Stripping off the profits from associated companies and disposal gain, 2Q 2011 profit would have been $5.69m, lower than the $6.35m of 2Q of the current year.