Clothes maker Crystal International hits 14-week high on record revenue

Crystal International

13/03/2019 06:18

** Shares of Crystal International Group Ltd  2232.HK  rise
as much as 11 pct to HK$4.85, the highest since Dec. 4, after
the clothes manufacturer and distributor posts record revenue
for 2018
    ** Co says its revenue in 2018 increased 14.6 pct from a
year ago to $2.5 bln due to increase in demand from key
customers, while net profit rose 0.5 pct to $149 mln
 urn:newsml:reuters.com:*:nFWN20Z0GM
    ** Co says 34 pct of its production capacity in terms of
revenue contribution was in China and 66 pct was outside the
country. It says Vietnam is now its largest production base
    ** Co plans to continue to expand production capacity in
strategic locations in southeast Asia, and says it has six
overseas expansion projects with four in Vietnam, one in
Bangladesh and one in Cambodia
    ** As of last close, the stock had risen 10.1 pct so far
this year
    ** The Hong Kong benchmark index  .HSI  eases 0.4 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)