We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Walcom Group Limited | LSE:WALG | London | Ordinary Share | VGG574851074 | ORD HKD0.01 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.2025 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMWALG
RNS Number : 4313K
Walcom Group Limited
21 September 2016
21 September 2016
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR")
WALCOM GROUP LIMITED
("Walcom" or the "Company")
Half-yearly results for the six months ended 30 June 2016
Walcom is pleased today to announce its interim results for the six months ended 30 June 2016. These results are also available from the Company's website at www.walcomgroup.com.
Further enquiries:
Walcom Group Limited Francis Chi (Chief Executive Officer) Albert Wong (Chief Financial Officer) +852 2494 0133 Allenby Capital Limited David Hart +44 20 3328 5656
CHAIRMAN'S STATEMENT
Introduction
The growth in the PRC economy remained slow during the first six months of the year and the performance of the pig farming industry did not improve during the same period. However, the Company was able to increase its revenue by 7 per cent. compared with the same period last year. Despite the adverse exchange impact of the Renminbi and Thai Baht during this financial period and the continuing increase in production costs and operating expenses, the Company incurred a smaller loss per share for the period of HK$2.46 cents compared with a loss per share of HK$2.81 cents in the same period last year, showing an improvement of 13 per cent.
Results for the Period
The Company generated revenues of HK$20.7 million during the period (June 2015: HK$19.3 million) and gross profits of HK$11.7 million (June 2015: HK$12.1 million), representing an increase of 7 per cent. and a decrease of 3 per cent., respectively, compared with the same period last year. The gross profit margin reduced to 56.5 per cent. (June 2015: 62.6 per cent.) owing to the aggregate impact of the devaluation of Renminbi and Thai Baht, which had significant adverse effect on the sales made in these two currencies, and the escalated production costs, in particular raw materials, labour and rental expenses. Notwithstanding the above unfavourable factors, the Company reduced its net loss by 8 per cent. to HK$1.69 million (June 2015: loss of HK$1.83 million) and incurred a loss of HK$1.12 million at the EBITDA level, a decrease of 20 per cent. over the same period last year (June 2015: HK$1.40 million).
Review of Activities and Market
Despite the weakened Renminbi, but as a result of increase in sales quantity, during the six months to 30 June 2016, the sales turnover in the PRC increased by 13 per cent. to HK$11.8 million as compared to the same period last year (June 2015: HK$10.5 million) while overseas sales were maintained at HK$8.9 million, approximately the same level as last year (June 2015: HK$8.8 million).
Although the pig farm gate price in China began to rise in April 2015 and remained at a comparatively high level during the first 6 months of 2016, the demand for feedstuff remained weak as the number of farmed pigs remained low as a result of the large number of discontinued pig farms during 2014. The Board estimated last year that it would take some time for pig numbers to return to their previous level and this is still the situation at the moment. The animal feed market has not yet fully recovered and this in turn has affected the operating results of the Company.
The Company's overseas sales were maintained at about the same level as last year. Sales in Thailand in terms of quantity remained the same as last year. However, owing to the weakened Thai Baht and lower average unit selling price in Thailand, the Thai sales reported in Hong Kong Dollars were 9% less than last year (June 2016: 7.3 million; June 2015: 8.0 million).
Sales in Korea recovered during the period under review and sales increased by 188 per cent. to HK$1.6 million (June 2015: HK$0.5 million).
Acquisition of Land in Thailand
Further to the Company's announcement made on 21 July 2016, the acquisition of the land in Thailand for the purpose of developing a feed manufacturing plant is expected to be completed in November this year. In view of the growth of sales of the Company's products in the Association of Southeast Asian Nations Economic Communities ("AEC") in the coming years, the Directors are optimistic that the building of a manufacturing plant in Thailand, which is an AEC country, should offer beneficial trading terms for the Company due to the region's trade treaties.
Outlook
The ongoing structural transformation of the Chinese economy has resulted in a slower growth in the economy in the past two years. The consumer market has been inevitably affected, which has had a negative impact on the Company's sales in the PRC market. However, efforts are being made in exploring new markets in the AEC region and to increase the Company's portfolio of customers with some encouraging results and the Directors are confident that this will result in improved sales in the overseas market. In view of the coming high sales season of the Company's products in the PRC market and the expected growth in the Asian markets in the second half of the year, the Directors are cautiously optimistic in the overall performance of the Company in the year 2016.
Frankie Y. L. Wong
Chairman
21 September 2016
WALCOM GROUP LIMITED
UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
FOR THE SIX MONTHSED 30 JUNE 2016
Hot Features
Premium
Note Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Revenue 3 20,693,043 19,300,594 44,236,805
Cost of sales (8,994,822) (7,225,298) (17,491,561)
----------- ----------- -------------
Gross profit 11,698,221 12,075,296 26,745,244
Other income 4 13,173 23,636 189,853
Research and development
expenses (804,635) (765,946) (1,224,261)
Selling and distribution
expenses (5,496,572) (5,879,720) (11,847,110)
General and administrative
expenses (6,825,912) (7,196,273) (12,055,434)
----------- ----------- -------------
(Loss) / profit from
operations 5 (1,415,725) (1,743,007) 1,808,292
Net finance expenses 6 (31,507) (16,713) (21,123)
----------- ----------- -------------
(Loss) / profit before
income tax (1,447,232) (1,759,720) 1,787,169
Income tax expense 7 (240,916) (74,906) (1,308,485)
----------- ----------- -------------
(Loss) / profit for
the period / year (1,688,148) (1,834,626) 478,684
=========== =========== =============
(Loss) / profit attributable
to:
Owners of the Company (1,690,571) (1,935,378) 335,472
Non-controlling interests 2,423 100,752 143,212
----------- ----------- -------------
(Loss) / profit for
the period / year (1,688,148) (1,834,626) 478,684
=========== =========== =============
(Loss) / profit per
share - basic, HK cents 8 (2.46) (2.81) 0.49
- diluted, HK cents (2.46) (2.81) 0.49
WALCOM GROUP LIMITED
UNAUDITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
FOR THE SIX MONTHSED 30 JUNE 2016
Note Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
(Loss) / profit for
the period / year (1,688,148) (1,834,626) 478,684
Other comprehensive
income
Exchange difference
on translation of
financial statements
of overseas subsidiaries (669,340) (39,315) (2,793,995)
----------- ----------- -------------
Total comprehensive
loss
for the period / year (2,357,488) (1,873,941) (2,315,311)
=========== =========== =============
Total comprehensive
loss
attributable to:
Owners of the Company (2,419,944) (1,951,302) (2,262,139)
Non-controlling interests 62,456 77,361 (53,172)
----------- ----------- -------------
Total comprehensive
loss
for the period / year (2,357,488) (1,873,941) (2,315,311)
=========== =========== =============
WALCOM GROUP LIMITED
UNAUDITED CONSOLIDATED BALANCE SHEET
AT 30 JUNE 2016
Note Unaudited Unaudited Audited
30 June 2016 30 June 2015 31 December 2015
HK$ HK$ HK$
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment 1,383,334 1,755,065 1,520,698
Patents 1,946,865 2,212,403 2,079,634
Goodwill - - -
3,330,199 3,967,468 3,600,332
------------------ ------------------ -----------------
CURRENT ASSETS
Inventories 1,759,975 2,947,561 2,247,884
Trade and other receivables 10 7,475,382 6,475,343 7,804,291
Cash and cash equivalents 11 11,428,764 13,606,316 13,670,351
Restricted cash 11 106,794 112,228 103,813
------------------ ------------------ -----------------
20,770,915 23,141,448 23,826,339
------------------ ------------------ -----------------
TOTAL ASSETS 24,101,114 27,108,916 27,426,671
================== ================== =================
EQUITY AND LIABILITIES
EQUITY
Share capital 12 688,344 688,344 688,344
Reserves 14,120,209 16,850,990 16,540,153
------------------ ------------------ -----------------
TOTAL EQUITY ATTRIBUTABLE TO
OWNERS OF THE COMPANY 14,808,553 17,539,334 17,228,497
Non-controlling interests 2,149,051 2,217,128 2,086,595
------------------ ------------------ -----------------
TOTAL EQUITY 16,957,604 19,756,462 19,315,092
------------------ ------------------ -----------------
CURRENT LIABILITIES
Trade and other payables 13 4,561,715 4,743,853 4,954,919
Tax payables 241,793 72,461 769,455
Bank borrowings 14 2,340,002 2,536,140 2,387,205
7,143,510 7,352,454 8,111,579
------------------ ------------------ -----------------
TOTAL LIABILITIES 7,143,510 7,352,454 8,111,579
------------------ ------------------ -----------------
TOTAL EQUITY AND LIABILITIES 24,101,114 27,108,916 27,426,671
================== ================== =================
NET CURRENT ASSETS 13,627,405 15,788,994 15,714,760
================== ================== =================
TOTAL ASSETS
LESS CURRENT LIABILITIES 16,957,604 19,756,462 19,315,092
================== ================== =================
WALCOM GROUP LIMITED
UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE SIX MONTHSED 30 JUNE 2016
Share-based Non-
Share Share Merger compensation Exchange Surplus Accumulated controlling Total
capital premium reserve reserve reserve reserve losses Total interests equity
HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$
At 1 January
2015 688,344 95,298,644 23,852,469 1,591,595 2,823,136 2,923,514 (107,687,066) 19,490,636 2,139,767 21,630,403
------- ---------- ---------- ------------ --------- --------- ------------- ----------- ----------- -----------
Comprehensive
loss
Loss for the
period - - - - - - (1,935,378) (1,935,378) 100,752 (1,834,626)
Other
comprehensive
income
Exchange
difference
on translation
of
financial
statements
of overseas
subsidiaries - - - - (15,924) - - (15,924) (23,391) (39,315)
------- ---------- ---------- ------------ --------- --------- ------------- ----------- ----------- -----------
Total
comprehensive
loss for the
period - - - - (15,924) - (1,935,378) (1,951,302) 77,361 (1,873,941)
Lapse of share
option - - - (22,826) - - 22,826 - - -
At 30 June 2015 688,344 95,298,644 23,852,469 1,568,769 2,807,212 2,923,514 (109,599,618) 17,539,334 2,217,128 19,756,462
======= ========== ========== ============ ========= ========= ============= =========== =========== ===========
At 1 January
2016 688,344 95,298,644 23,852,469 1,568,769 225,525 3,263,694 (107,668,948) 17,228,497 2,086,595 19,315,092
------- ---------- ---------- ------------ --------- --------- ------------- ----------- ----------- -----------
Comprehensive
loss
Loss for the
period - - - - - - (1,690,571) (1,690,571) 2,423 (1,688,148)
Other
comprehensive
income
Exchange
difference
on translation
of
financial
statements
of overseas
subsidiaries - - - - (729,373) - - (729,373) 60,033 (669,340)
------- ---------- ---------- ------------ --------- --------- ------------- ----------- ----------- -----------
Total
comprehensive
loss for the
period - - - - (729,373) - (1,690,571) (2,419,944) 62,456 (2,357,488)
Lapse of share - - - - - - - - - -
options
---------
At 30 June 2016 688,344 95,298,644 23,852,469 1,568,769 (503,848) 3,263,694 (109,359,519) 14,808,553 2,149,051 16,957,604
======= ========== ========== ============ ========= ========= ============= =========== =========== ===========
WALCOM GROUP LIMITED
UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE SIX MONTHSED 30 JUNE 2016
Note Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Cash flow from operating
activities
(Loss) / profit before
income tax (1,447,232) (1,759,720) 1,787,169
Amortisation of patents 132,769 132,769 265,538
Depreciation 151,229 164,288 308,255
Foreign exchange loss
/ (gain), net (685,765) 121,469 (1,547,782)
Interest received (36,618) (83,077) (150,719)
Interest paid 68,125 99,790 171,842
Loss on disposal of property,
plant and equipment 3,419 1,517 1,517
Patents written off - 40,749 40,749
Operating (loss)/ profit
before
working capital changes (1,814,073) (1,282,215) 876,569
Decrease / (increase)
in inventories 487,909 (604,040) 95,637
Decrease in trade and
other receivables 328,909 1,479,387 101,432
Decrease in trade and
other payables (393,204) (464,545) (253,479)
------------- ------------- -------------
Net cash (used in) / generated
from operations (1,390,459) (871,413) 820,159
Corporate income tax paid (768,579) (525,086) (1,012,664)
Interest paid (68,125) (99,790) (171,842)
------------- ------------- -------------
Net cash used in operating
activities (2,227,163) (1,496,289) (364,347)
------------- ------------- -------------
Cash flow from investing
activities
Purchase of property,
plant and equipment (9,768) (59,458) (91,237)
Interest received 36,618 83,077 150,719
Net cash generated from
investing activities 26,850 23,619 59,482
------------- ------------- -------------
Cash flow from financing
activities
Repayment of bank borrowings - - (2,535,176)
Proceeds from new bank
borrowings - - 2,387,205
(Increase) / decrease
in restricted bank balance (2,981) - 9,537
Net cash used in financing
activities (2,981) - (138,434)
------------- ------------- -------------
Net decrease in cash and
cash equivalents (2,203,294) (1,472,670) (443,299)
Cash and cash equivalents
at the beginning of the
period / year 13,670,351 15,229,576 15,229,576
Exchange loss on cash
and cash equivalents (38,293) (150,590) (1,115,926)
------------- ------------- -------------
Cash and cash equivalents
at the end of the period
/ year 11 11,428,764 13,606,316 13,670,351
============= ============= =============
WALCOM GROUP LIMITED
NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHSED 30 JUNE 2016
(1) BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES
The unaudited consolidated financial statements have been prepared using accounting policies consistent with International Financial Reporting Standards and in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting.
The unaudited consolidated financial statements have been prepared under the historical cost convention. The same accounting policies, presentation and methods of computation are followed in these unaudited consolidated financial statements as were applied in the preparation of the group's financial statements for the year ended 31 December 2015.
(2) SEGMENT REPORTING (a) Primary reporting format - Geographical Segment
The Group's operations are mainly located in Hong Kong, PRC and Thailand. The Group's sales revenue by geographical location of customers are analysed as follows:
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
PRC 11,824,924 10,461,572 25,690,774
Thailand 7,289,399 8,033,999 16,181,009
Others 1,578,720 805,023 2,365,022
----------- ----------- -------------
20,693,043 19,300,594 44,236,805
=========== =========== =============
(b) Secondary reporting format - Business Segment
The Group is principally engaged in the manufacture, distribution and sale of chemical feed and additive products. All of the Group's products are of a similar nature and subject to similar risk and returns. Accordingly, the Group's activities are attributable to a single business segment and no business segment analysis is presented.
(c) Segment assets by geographical location of assets
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
PRC 14,446,142 17,048,481 17,061,384
Thailand 3,454,609 6,766,308 6,932,584
Hong Kong 4,253,498 1,081,724 1,708,878
Others 1,946,865 2,212,403 1,723,825
----------- ----------- -------------
24,101,114 27,108,916 27,426,671
=========== =========== =============
(3) REVENUE
Revenue represents the sales value of goods supplied to the customers less returns, discounts, value added tax and sales taxes.
(4) OTHER INCOME
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Government subsidy - - 162,172
Sundry income 13,173 23,636 27,681
----------- ----------- -------------
13,173 23,636 189,853
=========== =========== =============
(5) OPERATING (LOSS) / PROFIT
Operating (loss) / profit is stated after charging the following items:-
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Amortisation of patents 132,769 132,769 265,538
Auditor's remuneration 180,879 160,000 307,474
Cost of inventories 8,426,009 6,851,910 16,623,712
Depreciation 107,795 164,288 225,969
Patents written off - 40,749 -
Loss on disposal of
property, plant and
equipment 3,419 1,517 1,517
Rental charges under
operating leases
in respect of land
and buildings 442,955 450,768 920,080
Staff costs
(including directors'
emoluments)
- wages and salaries 5,664,518 5,870,287 10,718,322
- contributions to
retirement benefits 425,378 449,760 899,111
- share-based compensation - - -
- other staff benefits 1,684,273 1,884,071 3,549,183
=========== ============ =====================
(6) NET FINANCE (EXPENSES)/ INCOME
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Bank interest income 36,618 83,077 150,719
Interest expense on
bank loans (68,125) (99,790) (171,842)
(31,507) (16,713) (21,123)
=========== =========== =============
(7) INCOME TAX EXPENSE
No provision for Hong Kong Profits Tax has been made (June 2015: HK$nil; 2015: HK$nil) as the Group's assessable profit subject to Hong Kong profits tax for the period is fully set-off by tax loss brought forward from last year.
Taxation on overseas profits has been calculated on the estimated assessable profit for the period/year at the rate of taxation prevailing in the countries in which the Group companies operate. The overseas income tax provided for the six months ended 30 June 2016 is HK$240,916 (June 2015: HK$74,906; 2015: HK$1,308,485).
(8) LOSS PER SHARE
The calculation of the basic loss per share for the six months ended 30 June 2016, is based on the loss attributable to ordinary equity shareholders of the company of HK$1,690,571 (June 2015: HK$1,935,378; 2015: Profit HK$333,473) during the period and the weighted average number of 68,834,388 ordinary shares (June 2015: 68,834,388; 2015: 68,834,388) in issue during the period/year. No diluted loss per share is to be reported for the period/year.
(9) DIVIDS
No payment of dividend was recommended for the first six months of 2016 (June 2015: HK$ nil; 2015: HK$nil).
(10) TRADE AND OTHER RECEIVABLES
Unaudited Unaudited Audited
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Trade receivables 6,880,895 5,723,317 6,859,583
Less: provision for
impairment loss (508,758) (508,758) (508,758)
--------- --------- ------------
6,372,137 5,214,559 6,350,825
Other receivables 229,745 126,431 476,875
Prepayments and deposits 873,500 1,134,353 976,591
7,475,382 6,475,343 7,804,291
========= ========= ============
(a) All trade and other receivables, are expected to be recovered within one year.
(b) Impairment of trade receivables
The movement in the provision of impairment for doubtful debts during the period/year, including both specific and collective loss components, is as follows:
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
At 1 January 508,758 508,758 508,758
Written off - - -
Exchange difference - - -
----------- ----------- -------------
At 30 June/31
December 508,758 508,758 508,758
=========== =========== =============
At 30 June 2016, the Group's trade receivables of HK$508,758 (June 2015: HK$508,758, 2015: HK$508,758) have been outstanding for a certain period of time. The management assessed that only a portion of the receivables is expected to be recoverable. Consequently, specific allowance for doubtful debts was recognised for the individually impaired receivables.
The Group does not hold any collateral over these balances.
(11) CASH AND CASH EQUIVALENTS
Unaudited Unaudited Audited
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Cash at bank
and on hand 11,535,558 13,718,544 13,774,164
Less: Cash at
bank - restricted (106,794) (112,228) (103,813)
------------ ------------ ------------
Cash and cash
equivalents
in the cash
flow statement 11,428,764 13,606,316 13,670,351
============ ============ ============
(12) SHARE CAPITAL
Unaudited Unaudited Audited
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Authorised
150,000,000 (June 2015:
150,000,000 and Dec
2015: 150,000,000)
ordinary shares of
HK$0.01 each 1,500,000 1,500,000 1,500,000
========== ========== ============
Issued and fully paid
68,834,388 (June 2015:
68,834,388 and
Dec 2015: 68,834,388)
ordinary
shares of HK$0.01 each 688,344 688,344 688,344
========== ========== ============
The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regard to the Company's residual assets.
(13) TRADE AND OTHER PAYABLES
Unaudited Unaudited Audited
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Trade payables 1,416,707 1,043,738 1,792,619
Other payables and
accrued expenses 3,145,008 3,700,115 3,162,300
4,561,715 4,743,853 4,954,919
========= ========= ============
All of the trade and other payables are expected to be settled within one year.
(14) BANK BORROWINGS
Unaudited Unaudited Audited
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Current
Bank borrowings,
unsecured (a) 2,340,002 2,536,140 2,387,205
--------- --------- ------------
(a) The effective interest rate per annum for bank borrowings at balance sheet date is at 5.7% (June 2015: 7.8%, 2015: 5.7%) per annum.
(15) RELATED PARTY TRANSACTIONS
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 30 June 31 December
2016 2015 2015
HK$ HK$ HK$
Related companies
Legal and professional
fees paid - - 111,369
=========== =========== =============
(16) RECONCILIATION OF (LOSS) / PROFIT BEFORE INCOME TAX TO EBITDA
Unaudited Unaudited
six months six months Audited
ended ended year ended
30 June 2016 30 June 2015 31 December 2015
HK$ HK$ HK$
(Loss) / profit before income tax (1,447,232) (1,759,720) 1,787,169
Depreciation 151,229 164,288 308,255
Amortisation of patents 132,769 132,769 265,538
Interest income (36,618) (83,077) (150,719)
Interest expenses 68,125 99,790 171,842
Patents written off - 40,749 40,749
Loss on disposal of property, plant and equipment 3,419 1,517 1,517
EBITDA (1,128,308) (1,403,684) 2,424,351
============== ============== ==================
EBITDA is defined herein as earnings before depreciation, amortization, interest and tax, plus specific charges which are considered non-recurring in nature. Specific charges include impairment loss in value and gain/loss in disposal of non-current assets, and amortization of fair value of share-based compensation. EBITDA is not a recognised term under generally accepted accounting principles and does not purport to be an alternative to net income as a measure of operating performance or to cash flows from operating activities as a measure of liquidity. Because not all companies use identical calculations, this presentation may not be comparable to other similarly titled measures of other companies.
WALCOM GROUP LIMITED
Part D, Mingtai Bldg.
No.351 Guo Shou Jing Road, ZJ Hi-tech Park
Shanghai 201203, China
Tel: +86 21 5027 6567 / +86 21 5027 3720 ext 111
Fax: +86 21 5027 3767
Email: enquiry@walcom-biochem.com
Website: www.walcomgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR GIGDCBXDBGLB
(END) Dow Jones Newswires
September 21, 2016 04:37 ET (08:37 GMT)
1 Year Walcom Chart |
1 Month Walcom Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
