date:Jun 24, 2019
s. We are pleased to deliver a full year net income for DMPL, driven by our results in Asia, while we invest in transforming our US business.
Strengthening Balance Sheet
The Groups gearing improved to 2.4x equity as of 30 April 2019, from 2.5x in 31 January 2019, due to a reduction in inventory in DMFI. In the fourth quarter of FY2019, the Group purchased an additional US$6.5 million of DMFI loans from the secondary market, bringing the total purchased loans to US$231.4 million out of US$260 mi