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this month would release result quarter ended Feb 2024. looking at Malayan cement and Hume cement results, Esceramics yet to deliver the higher revenue and profit from construction biz. As the two big players already delivered higher result for Q3 and Q4 2023, should there is a delay to smaller player such as Esceramic, this quarter should reflect a better revenue and profit.
The higher revenue achieved in FY2023 were driven by building materials segment though the margins were lower; evermix if you will. Year 1 profit guarantee post acquisition met the target and not expecting negative surprises for Year 2; a total combined profit of 11M for 2 consecutive fiscal year was the condition for the acquisition.
just a small initial position at 0.195, Andy. I liked its balance sheet and still observing the business decisions particularly Evermix. It seems to be a good business decisions so far but will probably be tested on the 3rd year. First two year comes with profit guarantee :) Hence, there is no rush.
