A very quick look at the accounts - CEO report is reflected in the figures. Gross profit margin down 2.6% and beyond that some inventory writeoff which I would imagine would have been due to the flooding of some of the areas they work in. That is a good effort IMO given the headwinds they were exposed to. As I suspected they are seeing themselves in a better position than most of their competitors. The market is nonchalant about the result at this point. The 14c possible unfranked dividend is a bit of a surprise. I am quite happy about that despite it being unfranked. Note also Lev does not take any fees for being a director and I would gather having a reasonable influence in the business. They have been conservative about next years figures and I would be also with the macro financial environment being quite uncertain.
TWD Price at posting:
$2.14 Sentiment: Buy Disclosure: Held
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