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MMP Resources Restructures For Future Growth
Daily Bulletin | 15 December 2015
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MMP Resources announced that through a concerted restructuring of business since February 2015, the group has significantly reduced its debt, resulting in stronger fundamentals. Since early 2015, the group has executed various initiatives to decouple or cease transactions undertaken by previous management as well as disposed several assets to relieve the group of its long term financial burden to achieve stability in operating cashflow.

The restructuring efforts have seen significant positive impact on the financial position, resulting in losses whittling down from $7 million in 4Q14 to $0.7 million in 3Q15. Moving forward, the group will focus on seizing opportunities to improve cashflow, and strengthening the proven MPP business model in Korea and globally.

MMP Resources  -- -- --   
Business: Engages in the business of micro power plants.

Insight: May-19, 1Q19 revenue slid 25.8% mainly due to a sl... Read More

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