nta 10.4 cents - last trade 6.8 cents, page-10

re: nta 10.4 cents - last trade 6.8 cents - belmer Hi again,

A few more interesting points in Tuesdays AFR article.

Dec half revenue of $22.3 million (net profits $775K)

The move to China is expected to improve profit margins by as much as a third.

MD quoted as saying "broadening hug's product range, improving branding, providing better service and sourcing more products from China had been crucial. The China experience has been tremendous for us, It opened a lot of doors. We are buying 40% cheaper and the quality is superb, often better than what we were getting in Europe."

Stock delivery within 4 weeks from China compared to 12 weeks from Europe.

Target of sub 60% gearing by June 05.

Top 20 hold over 70%, up from 66% in 2003.

Good Luck holders!

Cheers
xmagx