GMG Global reports weaker full-year
Sept 22, 2001
The Business Times
INVESTMENT holding company and rubber trader GMG Global has turned in a $919,860 profit for the full-year ended June 30 - far short of the $5.23 million profit it reported for FY2000. Turnover rose to $58.8 million, from $49.4 million in FY2000. But earnings per share fell to 0.05 cents, from 0.29 cents last year. Net tangible assets per share were eight cents, down from 8.07 cents in FY2000. GMG said pending a "significant improvement" in natural rubber prices, it expects its performance to "remain weak".
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