RE:Quarter by Quarter resultsDon't forget that Q1 is going to have very high profits from the property sales.
https://web.tmxmoney.com/article.php?newsid=66386645&qm_symbol=GPW
The sale price for the whole Yangshan Logistics Park project is RMB239 million (approx. US$38.93 million). Grand Power's portion of the sale price is RMB31.55 million (approx. US$5.139) for its 13.2% interest. As of today, Grand Power has received a payment deposit of RMB10.45 million (approx. US$1.7 million). Grand Power has invested a total of HK$13.2 million (approx. US$1.7 million) for its 13.2% interest in the project.
$5.1M less $1.7M invested is a profit of $3.4M
https://web.tmxmoney.com/article.php?newsid=66763401&qm_symbol=GPW
The property was purchased for a cost of HK$14.46 million (approx. US$1.8 million) and sold for HK$16.50 million (approx. US$2.12 million)
$0.3M profit on this sale.
$3.7M in total profit or about 5 cents per share, before any earnings from operations.