LCL Lost Another 130 million

Two words... go figure.

LCL was listed 2004.

The following are links to all its Q4 earnings.

2004: Quarterly rpt on consolidated results for the financial period ended 31/3/2004 (I would discount this one - since it's too soon after listing)

2005: Quarterly rpt on consolidated results for the financial period ended 31/12/2004

2006: Quarterly rpt on consolidated results for the financial period ended 31/12/2005

2007: Quarterly rpt on consolidated results for the financial period ended 31/12/2006

2008: Quarterly rpt on consolidated results for the financial period ended 31/12/2007

2009: Quarterly rpt on consolidated results for the financial period ended 31/12/2008

Now if you add up all the profit, LCL said to make... how much did you get?

3 months ago, I wrote this: LCL Hit With 334 Million Losses!

Yesterday, LCL reported earnings. It lost another 130 million!

Its retained losses is now 490.9 million!

Which means... if one adds up all of LCL earnings since listing, LCL did NOT make a single sen!

Now consider this... in the posting, How Now For LCL?, I posted a snap shot of KN's report on LCL. Here's the link to the screen shot again: click here for screen shot.Can you see the market capital of LCL back then when LCL was trading at 5.70? LCL was worth an incredible 2.34 billion back in 2007!

Error! Many apologies!

O.o

Yeah... go figure!