MIDAS HOLDINGS FULL YEAR NET PROFIT SURGE

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9 years 1 month ago #21819 by BULLSEYE88
MIDAS’ FY2014 NET PROFIT UP 18.1% TO RMB56.3 MILLION



- Revenue rose 14.8% to RMB1,317.9 million backed by higher business
volume at the Group’s Aluminium Alloy Extruded Products Division


- Aluminium Alloy Extruded Products Division’s gross profit margin
improved 2 percentage points to 26.8%


- Increase in train car deliveries boosted contributions from NPRT by
112.9% to RMB29.0 million


- Proposes final cash dividend of 0.25 Singapore cent per ordinary share

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9 years 1 month ago #21820 by BULLSEYE88
The Group’s financial position remains healthy as at December 31, 2014, with cash and cash equivalents of RMB1,209.5 million.


Commenting on the Group’s outlook, Mr Chew added, “With our competitive edge as a preferred supplier of quality products and services, we are confident that Midas is well-placed to benefit from the sustained growth of the PRC railway industry. Our increasing participation in global rail opportunities also supports our growth, as well as risk and earnings diversification.


“Moving forward, as we continue to expand the Group’s production capabilities and business outreach, we are optimistic of generating even greater value for our shareholders.”

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9 years 1 month ago #21826 by BULLSEYE88
THE BEGINNING OF THE MIDAS ROCKET

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