CHRM
This one is a doozy!! Last year, revenue up 52% Earnings up 32%, this year's relese is coming soon. Earnings of .37 last year....
-- Net sales increased by $14 million, or 52%, to $40.9 million, as compared to $26.86 million in fiscal 1996;
-- Net income increased by $1.14 million, or 34%, to $4.47 million in fiscal 1997 from $3.3 million in fiscal 1996;
-- Earnings per share calculated on the $4.47 million and the weighted average number of 12,197,260 shares outstanding amounted to $0.37 for fiscal 1997, as compared to $0.28 for fiscal 1996, which represents an increase of 32%.
PE of 1, Low float, near its low, 52wk hight 2 7/8 at .50 right now.
News due in 2 weeks on new financials. We should easily break the 52wk high with good volume.
Here are highlights of the last releases. Look how it flies with volume in the chart.
chart1.bigcharts.com:80/report?r=cobrand&onbad=cobrandsymb&site=freerealtime&symb=CHRM&sid=41067&sec=c&xyz=193012328&s=23025
S.W. Lam's 1997 Net Income Up 34% Over 1996
ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 19, 1997--
Revenues Up 52% -- Equity Up 166%
Assets Up 36% -- EPS Up 32%
S.W. Lam, Inc., a Hong Kong based gold and silver jewelry manufacturing firm with
worldwide sales, reported significant revenue growth in the release of their
consolidated financial statements for the years ended March 31, 1995, 1996 and
1997.
The company's consolidated financial statements show:
-- Net sales increased by $14 million, or 52%, to $40.9 million, as compared to
$26.86 million in fiscal 1996;
-- Net income increased by $1.14 million, or 34%, to $4.47 million in fiscal 1997 from
$3.3 million in fiscal 1996;
-- Assets increased 36% to $21.4 million in 1997, as compared to $15.6 million as of
March 31, 1996;
-- Shareholder equity went from $3 million in fiscal 1996, to $8 million in fiscal 1997,
an increase of 166%;
-- Earnings per share calculated on the $4.47 million and the weighted average number
of
12,197,260 shares outstanding amounted to $0.37 for fiscal 1997, as compared to
$0.28 for fiscal 1996, which represents an increase of 32%.
Lam Sai Wing, Chairman of the company, said, ''We are very pleased with our
continuing success. We are focused on building the value of the company and
expanding our global marketing efforts. Our company offers our investors the
opportunity to participate in China and Asia's attractive jewelry markets. It is the
largest economy in the world in terms of population. Rising consumer incomes means
that all our products have waiting buyers.''
S.W. Lam, with over 1,000 employees, designs, crafts, and manufactures fine gold,
pure silver, and diamond and gemstone setting jewelry. Its products are sold through
wholesale and export to retailers worldwide. Lam Sai Wing founded the company in
the late 1970's and continues to direct operations.
S.W. LAM, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED MARCH 31, 1996 AND 1997
(Expressed in United States Dollars)
1996 1997
$000's $000's
Revenues
Net sales 19,348 32,748
Subcontracting fees 7,520 8,210
Total revenues 26,868 40,958
Cost of sales and services (18,822) (29,987)
Gross profit 8,046 10,971
Selling, general and administrative
expenses (2,734) (3,627)
Operating income 5,312 7,344
Express relating to the reverse
acquisition -- (350)
Interest expenses (403) (389)
Interest income 11 --
Other income (expenses), net 63 (2)
Income before income taxes 4,983 6,603
Provision for income taxes (1,650) (2,128)
Net income 3,333 4,475
Earnings per common share $0.28 $0.37
Weighted average number of
common share 11,899,521 12,197,260
S.W. LAM, INC.
CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 1996 AND 1997
(Expressed in United States Dollars)
1996 1997
$000'S $000'S
ASSETS
Current Assets: 12,372 14,326
Fixed Assets: 3,304 7,083
Total assets 15,676 21,409
ORLANDO, Fla.--(BUSINESS WIRE)-April 14, 1997-S.W. Lam
Inc.(OTCBB:CHRM) a Hong Kong gold and silver jewelry manufacturing firm with
worldwide sales, has begun trading on the OTC Bulletin Board under the symbol
CHRM.
The company reported sales of $26,868,000 in 1996 with $3,393,000 in net income.
This reflected a 15% jump in sales and a 19% growth in earnings over 1995. S.W.
Lam, with over 1,000 employees, designs, crafts, and manufactures fine gold, pure
silver and diamond and gemstone setting jewelry. Its products are sold through
wholesale and export to retailers worldwide. Lam Sai Wing founded the company in
the late 1970's and continues to direct operations. A comprehensive research report,
written by Market Management Reports, based on factory inspections and
management interviews in
Beijing, Shenzhen and Hong Kong, is available to brokers and investors who call
800/332-8669. Copies of the report are also published in the current issue of Financial
Discoveries magazine and can be found on the Internet: www.WaterfordSterling.com
or
www.FinancialDiscoveries.com .
1994 1995 1996
Revenues $16,678,000 $23,380,000 $26,868,000
Net Income $1,311,000 $2,863,000 $3,393,000
ORLANDO, Fla.--(BUSINESS WIRE)-April 16, 1997-S.W. Lam Inc.(OTC
BB:CHRM) sales of $5.1 million at the recent Hong Kong Jewelry Show was a 100%
increase over 1996. The Hong Kong gold and silver jewelry manufacturing firm with
worldwide sales, which recently began trading, reported that gold ornaments and gold
jewelry were their top sellers. Lam Sai Wing, founder of the company, said: "People
are spending
money on valuable items like gold and silver. Our buyers bought in bulk. This shows
that the world's economy is rebounding and that demand will increase in the future."
Major buyers came from Singapore, Taiwan, the Middle East, China, Indonesia,
Japan, the US and Australia. Lam said: "We saw a lot of new buyers from around the
world. This came at a good time because we are in the process of expanding into these
new markets."
S.W. Lam, with over 1,000 employees, designs, crafts and manufactures fine gold,
pure silver and diamond and gemstone setting jewelry. Its products are sold through
wholesale and export to retailers worldwide. The company reported sales of
$26,868,000 in 1996 with $3,393,000 in net income. This reflected a 15% jump in
sales and a 19% growth
in earnings over 1995. A comprehensive research report, written by Market
Management
Reports, based on factory inspections and management interviews in Beijing, Shenzhen
and Hong Kong, is available to brokers and investors who call 800/332-8669. Copies
of the report are also published in the current issue of Financial Discoveries magazine
and
can be found on the Internet: www.WaterfordSterling.com or
FinancialDiscoveries.com .
THIS IS NOT A RECOMMENDATION TO BUY, THIS IS FOR INFORMATIONAL PURPOSES ONLY!! |
