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IFS Capital
01-02-2015, 11:27 AM, (This post was last modified: 02-02-2015, 11:57 AM by lonewolf.)
Post: #11
RE: IFS Capital
*sigh* I dun understand why they cannot use simple English in their press release.

So let's try to break it down further one at a time to see if we can untangle the legal doublspeak.

'lower net loss for the Q4 2014 compared to the corresponding periods of the previous year' ==> lower than -S$4.2 million

'lower net loss for the FY 2014 compared to the corresponding periods of the previous year' ==> lower than -$3.7 million

Since 9M2014 net profit is S$1.77 million, that means for FY2014, net loss will be between 2.43 and 3.7 million.

2.43 million is derived from taking 1.77 (profit for 9M2014) add to expected loss for Q42014 which I just used -4.2 million.

Does the above calculation makes sense?? (NB: Edited to correct calculation error Blush)

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01-02-2015, 06:55 PM,
Post: #12
RE: IFS Capital
Technically, the expected loss should be no more than 2.43 million (1.77 million - 4.2 million).
Any FY2014 loss higher than 2.43 million would mean the loss in Q42014 is higher than 4.2 million.

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12-01-2018, 11:11 PM,
Post: #13
RE: IFS Capital
IFS Capital says 3Q17 losses narrowed to $333,000 from $3.95 million.

Interest income excluding non-performing loans (NPL) was 17.5% higher at $5.52 million compared to $4.70 million in 3Q16, mainly due to higher interest income earned from factoring and loans.

NPLs for the quarter was 29.9% lower at $693,000 from $988,000 a year ago.

Lim Hua Min of Phillip Assets accumulates 445,000 more shares at 24 cents, below Dymon Asia's purchase price of 24.5 cents. Likely to find buying support at 24 cents and below.

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