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If not due to forex loss, this quarter performance is decent. And I believe the forex loss is unrealised, likely translate to extra gain in upcoming quarters when the forex is in favour.
Please read carefully, profit drop because of one off forex loss 4.6m. If without this forex loss, the profit is almost similar with previous Q2 qr. The revenue is high compare to previous quarters.
Revenue up, still got free cash flow, profit yoy still up if taking out forex gain n loss z invest 6m into DWZ . Next focus on cost cutting to normalise the margin. Result not excellent consider not bad.
Dufu used to have really good margins; high thirties for gross margins and twenties for net margins. At the lower end since FY23 and FY24. latest results is single digit net margins and gross margins low twenties; no signs of margins recovery yet. Will join you guys if margins showing recovery.
