Another poor performing company in Hayleys group. Net loss for the period for the quarter is 26 million. During the financial year company has lost nearly 49 million.
Quarter EPS -> -3.33
Annual EPS -> -6.19
During the quarter, cost of sales is higher than the revenue. Sales rose by 69%. In the meantime cost of sales rose by 91%. Company mainly produce coir products for the export market. I don't understand why cost of sales has increased that much! Any thoughts?
We have noticed, there was an interest by the retailers on this share during this week.