Brief: Analogue Holdings Posts FY Profit Attributable Hk$242.6 Mln

Analogue Holdings

27/03/2020 13:41

March 27 (Reuters) - Analogue Holdings Ltd  1977.HK :
    * FY PROFIT ATTRIBUTABLE HK$242.6 MILLION VERSUS HK$315.3
MILLION
    * FY VALUE OF OUTSTANDING CONTRACTS HK$9,408.5 MILLION
VERSUS
HK$7,419.6 MILLION
    * FY REVENUE HK$4,481.9 MILLION VERSUS HK$5,966.0 MILLION
    * RECENT MODEST SLOWDOWN OF BUSINESS ACTIVITIES MAY DAMPEN
RATE OF
GROWTH OF REVENUE IN SHORT TERM
    * IN 2020, PROGRESS OF SOME CONSTRUCTION TENDERS AND
PROJECTS IN
HK, MACAU AND MAINLAND CHINA AFFECTED TO SOME EXTENT DUE TO
COVID-19
    * DUE TO VOLATILE ECONOMIC ATMOSPHERE, SEES MARKET
COMPETITION
INCREASINGLY FIERCE IN SHORT TERM
    * FIERCE COMPETITION IN SHORT TERM TO PRESSURE PROFIT
MARGINS OF
TENDERS, PROJECTS IN INDUSTRY
    * RESOLVED TO PAY A SECOND INTERIM DIVIDEND OF HK5.07 CENTS
PER
SHARE FOR YEAR

Source text for Eikon:  ID:nHKS8MWlWQ 
Further company coverage:  1977.HK 

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