Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,062.51 -7.16 -0.23%
Hang Seng 25,561.40 +106.85 +0.42%
Dow Jones 25,444.34 +64.89 +0.26%
Shanghai Composite 2,550.47 +64.05 +2.58%
MMP Resources Restructures For Future Growth
Daily Bulletin | 15 December 2015
Related stocks:
F3V
By:

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-18, 1Q18 revenue rose 171.1% mainly due to the... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.