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Xpress Holdings third-quarter profit softens to $1.2m amid economic slowdown
In a release, Xpress continued to deliver profitable performances for the past nine months ended 30 April 2013 (“9MFY13”) and in its latest 3QFY13 results. It achieved a net profit of S$2.7 million on a total group revenue of $18.8 million for the nine months ended 30 April 2013. For 3QFY13, the Group registered net earnings of S$0.8 million on revenue of S$6.2 million.
For 9MFY12, the Group’s revenue and net profit were S$31.7 million and S$5.4 million respectively while for 3QFY12, Group revenue and net profit were S$9.8 million and S$1.2 million respectively.
The softer performance of the Group compared to 9MFY12 and 3QFY12 was due to the slowdown in financial print market activities as a result of the current economic slowdown. The Chinese New Year holidays in mid February 2013 also contributed to the decrease as many analysts were on leave during this period.
However, the Group’s Gross Profit margin, net of deducting changes in inventories of finished goods and work-in-progress, remained relatively stable at 62.5% in 3QFY13 compared to 63.5% in the corresponding quarter last year.
Group EPS for the quarter under review was 0.0478 cent compared to 0.0710 cent in 3QFY12. NAV Per Share as at 30 April 2013 was 7.98 cents, compared to 8.9 cents as at 31 July 2012. The EPS and NAV per share for 3QFY13 were diluted by new share placement in December 2012.
The Group continued to generate positive cash from its operations. Net cash from operating activities by the Group for 3QFY13 was S$0.7 million as compared to $1.8 million in the corresponding quarter a year ago.
Group’s cash and cash equivalents as at 30 April 2013 stood at S$10.2 million. Overall costs for the Group in 3QFY13 dipped in line with lower sales for the quarter. In 3QFY13, the cost of raw materials and consumables such as paper, films and plates decreased by 34.4% to S$2.3 million compared to S$3.6 million in 3QFY12. Staff cost was S$0.8 million lower as compared to 3QFY12. Other operating expenses for 3QFY13 were S$1.1 million, 22.5% lower than the S$1.4 million incurred in 3QFY12.
...Last Done: $0.042...
In a release, Xpress continued to deliver profitable performances for the past nine months ended 30 April 2013 (“9MFY13”) and in its latest 3QFY13 results. It achieved a net profit of S$2.7 million on a total group revenue of $18.8 million for the nine months ended 30 April 2013. For 3QFY13, the Group registered net earnings of S$0.8 million on revenue of S$6.2 million.
For 9MFY12, the Group’s revenue and net profit were S$31.7 million and S$5.4 million respectively while for 3QFY12, Group revenue and net profit were S$9.8 million and S$1.2 million respectively.
The softer performance of the Group compared to 9MFY12 and 3QFY12 was due to the slowdown in financial print market activities as a result of the current economic slowdown. The Chinese New Year holidays in mid February 2013 also contributed to the decrease as many analysts were on leave during this period.
However, the Group’s Gross Profit margin, net of deducting changes in inventories of finished goods and work-in-progress, remained relatively stable at 62.5% in 3QFY13 compared to 63.5% in the corresponding quarter last year.
Group EPS for the quarter under review was 0.0478 cent compared to 0.0710 cent in 3QFY12. NAV Per Share as at 30 April 2013 was 7.98 cents, compared to 8.9 cents as at 31 July 2012. The EPS and NAV per share for 3QFY13 were diluted by new share placement in December 2012.
The Group continued to generate positive cash from its operations. Net cash from operating activities by the Group for 3QFY13 was S$0.7 million as compared to $1.8 million in the corresponding quarter a year ago.
Group’s cash and cash equivalents as at 30 April 2013 stood at S$10.2 million. Overall costs for the Group in 3QFY13 dipped in line with lower sales for the quarter. In 3QFY13, the cost of raw materials and consumables such as paper, films and plates decreased by 34.4% to S$2.3 million compared to S$3.6 million in 3QFY12. Staff cost was S$0.8 million lower as compared to 3QFY12. Other operating expenses for 3QFY13 were S$1.1 million, 22.5% lower than the S$1.4 million incurred in 3QFY12.
...Last Done: $0.042...
Looks like it is coming your way very soon. Breaking the 4 cts support is not a good sign. If this is a margin stock, there will be margin calls very soon and 3.7 cts is within reach. Be patient.
guoyanyunyan ( Date: 13-Jun-2013 14:16) Posted:
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...true... that is one of the key skill we have to equip .... will be rewarded handsomely....
Waiting patiently
...any chance go back to $0.037.... waiting..... last done: $0.040...
Alamak this morning gostan pula? Haiz. May be the BB still having coffee.
Slow and steady climb. Looks like it still has a long way to go. Immediate tgt price is 6 cts this week.
Last night got some announcement of new business, hopefully will propel share price past 6 cts today.
Huat ah.
Friday, 7 June
SG Earnings (1)
Estimated
SG Earnings – Xpress Holdings Ltd
...Xpress... have strength... hold on well at $0.041...so far..... just in case
...Xpress ... you lai liao .又 来 了 . top 4th vol... last done: $0.043....
Why sell it?
better to sell it
ok ba , no hard feelings on popiah haha
do you like popiah ?
Nope haha, need to ask popiah king leh
halo currypig ..... you got good humour ..... btw, do you know of at least something that we do not know ?
currypig ( Date: 25-Apr-2013 15:55) Posted:
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hee ... today is a 2 lotter instead of a 5 lotter ... is he/she the same person ? ..... guess he/she is really interested to get it at the 37 level ...
seanpent ( Date: 26-Apr-2013 14:04) Posted:
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heehee ... another small time shortist here ? selling only 5 lot to 37 ? is it they want to get at 37 ?
heehee ... once in while this one forgotten to move ...
ya lor ... you got a very good point ... hope there won't be suspense for too long ... hehe ...
but who knows, it's probably just round the corner ? guess guess only ...
currypig ( Date: 25-Apr-2013 15:55) Posted:
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