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Karambunai Reports Annual Losses Of Over 340 Million!

Tuesday, May 31, 2011

This is probably a not meaningful posting but just for your info, posted Oct 2010: That Karambunai Stock Is So Hot

In that posting I mentioned the following:

Strange... so long article from the Edge but the Edge did not even write how Karambunai is doing....

This stock used to be called FACB Resources, then it changed its name to Karambunai in 2004.
Let's see..

2000 Quarterly rpt on consolidated results for the financial period ended 31/3/2000 - Made 5.622 million

2001 Quarterly rpt on consolidated results for the financial period ended 31/3/2001 - Loss 20.466 million

2002 Quarterly rpt on consolidated results for the financial period ended 31/3/2002 - Loss 78.688 million

2003 Quarterly rpt on consolidated results for the financial period ended 31/3/2002 - Loss 83.656 million

2004 Quarterly rpt on consolidated results for the financial period ended 31/3/2004 - Loss 57.035 million

2005 .... new name .... Karambunai. :P

2005 Quarterly rpt on consolidated results for the financial period ended 31/3/2005 - Loss 63.747 million

2006 Quarterly rpt on consolidated results for the financial period ended 31/3/2006 - Loss 12.846 million

2007 Quarterly rpt on consolidated results for the financial period ended 31/3/2007 - Made 54.649 million !!! Made money :P ( Made money because of the impairment of goodwill from the redemptions of bond. If no impariment of goodwill... err ... :P )

2008 Quarterly rpt on consolidated results for the financial period ended 31/3/2008 - Loss 32.083 million

2009 Quarterly rpt on consolidated results for the financial period ended 31/3/2009 - Loss 35.397 million

2010 Quarterly rpt on consolidated results for the financial period ended 31/3/2010 - Loss 33.199 million

Q1 earnings in Aug Quarterly rpt on consolidated results for the financial period ended 30/6/2010 - Loss 14.386 million

Errr..... how?

It's now May 2011.

Let's continue from there.

2010 Q2: Quarterly rpt on consolidated results for the financial period ended 30/9/2009 - Loss 3.559 million

2011 Q3: Quarterly rpt on consolidated results for the financial period ended 31/12/2009 - Loss 2.058 million

Karambunai reported its 2011 Q4 earnings last night.

Quarterly rpt on consolidated results for the financial period ended 31/3/2011 - Loss 316.765 million!!!!

How?

And what was that project Karambunai is involved again???

ps: wanna count how much moooooney Karambunai had lost the past DECADE?

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