Monday, February 27, 2017

Retail Holdings (RHDGF) reports strong growth at operating units

Seeking Alpha:

(snip)

Singer Bangladesh, announced its 2016 consolidated (local currency) results on February 26. Revenue increased 30% from prior year to Bangladesh Taka 9,007 million. EBITDA and net income for 2016 were Taka 944 million and Taka 546 million, respectively, increases of 42% and 48% as compared to prior year.

Singer Sri Lanka announced its 2016 consolidated (local currency) results on February 24. Revenue increased 21% from prior year to Sri Lanka Rupee 46.9 billion. EBITDA and net income for 2016 were Rupee 5.2 billion and Rupee 2.4 billion, respectively, increases of 57% and 91% as compared to prior year.

I added Retail Holdings to my portfolio last week. The company is extremely undervalued and the management is looking to close the valuation gap. The valuation should grow if the company's operating units keep growing like this.

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