09-12-2015, 11:07 AM
(This post was last modified: 09-12-2015, 11:28 AM by white collar.)
Fantastic fantastic set of results released this morning - Link - http://infopub.sgx.com/FileOpen/DMPL_2Q_...eID=381731
In short, company has now turned profitable and gearing has fallen to a much more comfortable level of 5.5X. Operating cash flow has improved tremendously but it is still negative attributed primarily to inventory building (working capital requirements). $332mn of new debt added to the balance sheet in H1'16. All debts have bullet repayment profile at end of term.
Will dig deeper into the numbers of course but YAY
In short, company has now turned profitable and gearing has fallen to a much more comfortable level of 5.5X. Operating cash flow has improved tremendously but it is still negative attributed primarily to inventory building (working capital requirements). $332mn of new debt added to the balance sheet in H1'16. All debts have bullet repayment profile at end of term.
Will dig deeper into the numbers of course but YAY