Thursday, November 24, 2016
Sen Yue: Announced results. Net loss for FY9/16 deepened to $0.9m (FY15: $0.2m loss), partially due to a $3.5m adverse FX swing. Revenue surged 49.6%, mainly driven by strong sales from the commodities trading division (+60.6%), but the segment also narrowed gross margin by 1.6ppt to 7.8%. Bottom line was further hurt by a spike in finance costs (+60.3%). NAV/share at $0.0385.