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.
For a manufacturing outfit , these are nice set of numbers...
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