CHINA SHOTO (LON:CHNS) amazing turnaround in cash fortunes!
The big increase in revenue of 70% to £183m was much as anticipated as was the increase in net profit of 79% to £10.07m. Diluted earnings per share were up 76% to 43.14p.
However, the big surprise for me from this China based business was the quite unexpected turnaround in cash generation. China based small caps have earned a reputation for poor cash management and credit control and China Shotos (LON:CHNS) previous results implied…
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