Tuesday 29 November 2016

Tek Seng. Broken

Is a massive 2008 hit for rockers Lifehouse.
Tek Seng  announced its results today, which looks "BROKEN", with quarterly revenue and pre tax profit falling.
Revenue fell to RM 82.27 million from RM99.33 million while pre tax profit fell to RM9.73 from RM10.97 million .
What looks 'Broken", though is The quarter's solar contribution falling by RM7.1 million to only RM36,000, while inventories stood at RM90 million , while borrowing was double of that at RM180 million.
Tek Seng can still turn things around, provided , it  some how boost solar panel sales.