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08-03-2011, 12:15 AM
Dear all, Part 1 of my comprehensive analysis on Kingsmen's FY 2010 Financials is now up on my blog. Please feel free to visit and leave comments, thanks! 
A snippet as follows:-
"The bottom line was, however, impacted by the fact that other income was slightly lower, while staff salaries and related expenses rose by 8.1% and other expenses rose by a larger 17%. If we break down the reasons, it was mainly due to the increase in staff salaries of about S$2.6 million, as well as higher operating lease expenses of S$300,000 and a write-off for their fire-gutted Malaysian factory premises of S$400,000."
Note: I am vested and have very recently added to my existing position.
A snippet as follows:-
"The bottom line was, however, impacted by the fact that other income was slightly lower, while staff salaries and related expenses rose by 8.1% and other expenses rose by a larger 17%. If we break down the reasons, it was mainly due to the increase in staff salaries of about S$2.6 million, as well as higher operating lease expenses of S$300,000 and a write-off for their fire-gutted Malaysian factory premises of S$400,000."
Note: I am vested and have very recently added to my existing position.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/