vested
FY Sep 30, 2010Sales: +39%
Loss: Sin$9.7m ( down from loss of Sin$13.7m )
RNAV: 0.17
The increase in sales came mainly from our Personal Communication and Wireless Portable, Data Storage and Office Automation segments of our FPC Division and Energy and Automotive segments of PCB Division.
The Group cash balance, comprising cash and fixed deposit, stood at
$26.5m as at 30th. Sept, 2010
( Sin$0.04 per share )
- Down from Sin$33m; Sin$0.05 per share
The Group has no cash borrowing as at 30th September 2010.
The Group has established that there were
accounting discrepancies relating to the delay in charging of outsourcing cost to cost of goods sold for 4Q FY2008 and 1Q FY2009 at a subsidiary, MFS Technology (PCB) Co Ltd, located in Hunan, China.
This resulted in the reported losses being understated for financial years 2008 and 2009. Total losses after restatement will increase from $10 m to $14.4 m for FY 2008 and from $13.5m to $13.7m for FY 2009.
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It's all about "how much you made when you were right" & "how little you lost when you were wrong"