Q4 and full-year FY10 (ended 31Dec10) results announcement just out and should be interesting weekend reading for those who own shares in Foreland or are interested in this small, gem-grade PRC-based producer of high-grade synthetic fabrics.....
http://info.sgx.com/webcoranncatth.nsf/V...20027C29D/$file/FY2010_Result_Announcement_final.pdf?openelement [FY10 results announcement]
http://info.sgx.com/webcoranncatth.nsf/V...20027C29D/$file/Foreland-FY2010_Press_Release_final.pdf?openelement [Press release]
Based on the very strong Q4 revenue (Rmb143.0m) and NP (Rmb27.6m) numbers, Foreland has staged an excellent recovery. At the current running rates, it appears that Foreland is poised to out-perform its previous peak in FY08 - revenue: Rmb460.7m; NP: Rmb106.9m - in this FY11.
http://info.sgx.com/webcoranncatth.nsf/V...20027C29D/$file/FY2010_Result_Announcement_final.pdf?openelement [FY10 results announcement]
http://info.sgx.com/webcoranncatth.nsf/V...20027C29D/$file/Foreland-FY2010_Press_Release_final.pdf?openelement [Press release]
Based on the very strong Q4 revenue (Rmb143.0m) and NP (Rmb27.6m) numbers, Foreland has staged an excellent recovery. At the current running rates, it appears that Foreland is poised to out-perform its previous peak in FY08 - revenue: Rmb460.7m; NP: Rmb106.9m - in this FY11.