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6.1¢ aumake international limited

Go do the maths on 30 mil revenue at 15% GM and you see they...

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08/09/17

12:42

Post #: 27087303
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Originally posted by 8horse ↑

@Emma1234

I think here's the right place to discuss AuMake,

Here's the financials:
2016: Annual revenue:$3m, COGS: $2.8m; NPAT: $4k
2017: Annual revenue:$10.3m, COGS: $9.1m; NPAT: $13k
Net asset: $9m including cash raising via IPO.

It's an Australian company, but it's controlled and run by Chinese.

In 2017, revenue increased by 243%, but net profit after tax only increased from $4k to $13k.

It's a retail business;
Focusing on Daigou, grey market;
Controlled and run by ...

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Go do the maths on 30 mil revenue at 15% GM and you see they make 1 mil profit+.

AUG Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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