Wednesday, September 23, 2015

BOSSINI FY 2015 RESULTS

Revenue down 1.0%
Profit down 9.2%
Current Ratio 2.68
Debt to Equity Ratio 0.43
Cash and Equivalents HK$475M
FY Dividend HK$0.0708 or 10.9% based on current price of HK$0.65 per share

Revenue and Profit are down due to the reduction in visitorship form mainland China to Macau and Hong Kong. Revenue from other regions performed well, mitigating the shortfall in Macau and Hongkong

Nevertheless the company has continued to add on to its cash position, strengthening its overall balance sheet.

At HK$0.65 it is a BUY due to its dividend yield.

My disclosure: I do not own shares of Bossini.

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