Fuwei Films: Jumps on Q4 profit, specialty films sales growth

Baijiayun

29/04/2020 11:45

** U.S.-listed shares of China-based plastic films
distributor  FFHL.O  surge 44.8% to $3.55 premarket, set for
best day in over eight months if gains hold
    ** FFHL posts Q4 net profit of 10.3 mln yuan ($1.46 mln) vs
loss of 3.5 mln yuan last year; however Q4 net rev falls 3.7% to
86.8 mln yuan from year-ago qtr, led by decline in co's overseas
business sales  urn:newsml:reuters.com:*:nPn6chlsXa
    ** Q4 China sales rose to 81.4 mln yuan while overseas sales
fell ~42% to 5.4 mln yuan from the year-ago period 
    ** Sales of specialty films rose to 47.7 mln yuan, or 54.9%
of total rev, from 39.8 mln yuan or 44.1% of total rev in the
year-ago period 
    ** Stock among top pct gainers across all U.S. exchanges
    ** Up to Tuesday's close, FFHL fell 13.1% this year


($1 = 7.0762 Chinese yuan)

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))