Ann: LaserBond 2020 Annual Report, page-4

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    For a manufacturing outfit , these are nice set of numbers notwithstanding flat 2nd half
    # Gross Profit Margin >50%
    # EBITDA margin 25%
    # NPAT margin 13%
    # Improved cash flow despite drop in sales.
    # CAPEX seem to be largely done.
    They appear confident that growth will kick in post COVID.
    Pity they pay too much tax , but FF dividend is here to stay.
 
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