KNM Q3 Earnings

KNM just announced its earnings.

Here is how its balance sheet is looking.



The receivables is looking rather high, yes?

So I decided to compare what it previously. Quarterly rpt on consolidated results for the financial period ended 30/6/2008

And it would appear that KNM has managed to trim its receivables from 657 mil to 586 million. ( In my opinion the receivables are still way too high!) Some decent improvement from KNM.

Let's check out its loans. Three months ago, it had the following.

Total loans was at 1.186 billion.

In its earnings notes today, it loans increased! Total loans now stands at 1.241 billion!


So despite the much improvement in earnings (for this quarter alone, KNM recorded its highest ever quarterly earnings of 103.416 million (last quarter its net earnings was at 96.291 million)), do you see the wealth creation within the company?