Sino Agro Food, Inc. Reports Q1 2018 Results and Board Approves Dividend
Dividend of USD .05 for 2018; USD.10 for 2019
Revenue of USD 33.7M; EPS of USD .17
Restructured Businesses Show Positive Results
Revenue: 33,73Mio
Gross Profit: 6,08Mio
EPS: 0,17
Other Key Points:
SIAF's income from its full 36.6% equity investment in Tri-way ("TW") increased from USD 3.66M in Q4 2017 to USD 3.78M in Q1 2018.
Revenue from project development at SIAF's wholly owned Capital Award ("CA") subsidiary increased from USD .8M in Q4 2017 to USD 2.5M in Q1 2018.
These results from TW and from CA reflect Tri-way's "Plan B" strategy, which limits TW's capital expenditures and CA's revenue from project development attributable to TW to a percentage of TW's net income. TW is still profitable and growing. "Plan A" would greatly accelerate growth upon successful closing of its anticipated debt financing.
www.prnewswire.com/news-releases/...s-dividend-300652232.html
Anmerkung:
"Hence, a consequential cash shortfall had ensued requiring an issuance of shares to cover some of the ordinary operational expenses that typically would have been covered through ordinary cash-flow levels in the past."
.... wird SIAF, unter diesen Umständen, wirklich in der Lage sein eine Dividende auszuzahlen?!