Valuetronics 1H2024 report
Valuetronics released the 1H2024 report, revenues was still declined, but profits margins improved. Net profit increased 42% yoy.
New secured customer sales needs time to compensate previous customers.
The interesting part is cash to market value ratio, 86.5% of share price is cash.
Special dividend was announced because high level cash delivered interest income.
$VALUETRONICS HOLDINGS LIMITED(BN2.SI)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great ariticle, would you like to share it?