The directors fee,wages and salaries rose from around 1.8 million in 2017 to 3.3 million in 2018.Such a huge expense increase is rewarded by such a tiny gross profit. Where are shareholders’ money gone?
The derecognition of subsidy results in more than 2 million write off.Is it alone deserving a seperate announcement about what it is and what the derecogintion for?
All in all,the management have a lot of questions to be asked.
As a dissolutioned shareholder exiting my shareholding just a few weeks ago,now I know why all the promising looking announcements were sold down in the last year.
CIO Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held