The latest update estimating profit 30% ahead of last year dosen't seem to be good news at all. They made $2.255 million in 06/07 and are forecasting a 30% increase for 07/08. That would be around $2.932million for the current year but didn't they announce a half year profit of $3.56 million to Dec 07????
Does this mean they are actually making a loss in the current half? Hope I've misunderstood the statement.
HMC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held