|GESHEN (RM mil)||FY15Q2||FY15Q1|
|Raw material used||18.07||5.70|
|Raw material %||49.9||32.1|
|Net Cash Flow||-12.7||-3.1|
|D/E Ratio||0.09||Net cash|
Profit attributable to non-controlling interest is RM0.516mil in Q2. This should represent 25% of Polyplas if I'm not wrong.
Lastly, this is what Geshen wrote about its prospects in its latest quarterly financial report:
Improved performance QoQ or YoY? I guess most readers will take it as QoQ improvement right?
Normally we don't see many companies commit themselves to hint at a "better" or "improved" future performance in the group prospects section in the quarterly report.
From a quick check on previous quarterly reports, Geshen did not do that before the acquisition of Polyplas.
I think most companies will just mention something like "satisfactory result" or "remain profitable" etc.
Perhaps this is just the style of the new major shareholder of Geshen?
Lets wait for the Q3.