Think Env: FY11 results, revenue is up 21.5% to $87m, attributed to increased demand for office equipment products. However margins dropped to 12.3% from 13.9% due to the increase in raw material prices. Other income was down 3% despite its disposal in Flagship Ecosystems for $1.4m and Sing-yu Energy for $1.6m boosting results....
Overall Net profit at $478k, -79.8% yoy. Co. remains in a net cash position, however long-term bank loans increased to $13.6m vs $614k yoy resulting in finance costs increasing to $1.6m vs $45k, while cash holdings increased slightly to $16.2m. Grp’s AFS assets increased to $15.7m due to increased investment in Think Greenenergy….
Overall Net profit at $478k, -79.8% yoy. Co. remains in a net cash position, however long-term bank loans increased to $13.6m vs $614k yoy resulting in finance costs increasing to $1.6m vs $45k, while cash holdings increased slightly to $16.2m. Grp’s AFS assets increased to $15.7m due to increased investment in Think Greenenergy….
Going forward, grp has announced their intention to raise funds through issue of new shares or bank financing to fund its current and new (gold mining) operations, and aims to divest off their green business segments.
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