Carol Tan

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Joined May 2020

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Lawrence, even gain on disposal will not appear in revenue but appear after gross profit. Revenue is only related of their principal business activity. It is quite misleading if you say so.
4 years · translate
The pandemic only started in early of this year, which indicates their sales volume starting to increase only at the beginning of the year. Based on last year annual report, their trade receivables term is 14 to 120 days. So it is quite reasonable that the outstanding amount is yet to receive back as at 31 March. From the QR, the thing that we are able to confirm is their sales increase significantly 3 times which shows a huge improvement.
4 years · translate
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