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(12-05-2011, 12:17 PM)littlecupid Wrote: The numbers are incredible, 37% margin for selling just vegetables. S$ 50 mio in profit in 1 quarter is so lucrative, maybe I should change job to sell vegatbles...haha
That's the beauty of China companies listed in Singapore regardless of what kind of industry that they are in. It can be textile, soya bean processing, corn processing, education, forestry, environmental technology or metallurgy and typically, we will see outstanding profit margin in the initial years. Anything less than 30% is a disgrace.
It's amazing...
I just downloaded their 2010 annual report and I saw many Photoshop-ed photos(worse than online netizens' work)... Since they had so many farms and facilities, why can't they use more original photos?