Brief: Dickson Concepts (International) Posts FY Profit Attributable Of HK$645.8 Mln

Dickson Concepts (International)

08/06/2020 10:06

June 8 (Reuters) - Dickson Concepts (International) Ltd
 0113.HK :
    * RECOMMENDING PAYMENT OF FINAL DIVIDEND OF HK27 CENTS PER
ORDINARY SHARE
    * RECOMMENDING PAYMENT OF SPECIAL DIVIDEND OF HK20 CENTS PER
ORDINARY SHARE
    * FY PROFIT ATTRIBUTABLE HK$645.8 MILLION VERSUS HK$411.3
MILLION
    * EXPECT RECOVERY TO PRE-COVID-19 LEVELS TO BE AN EXTREMELY
SLOW
AND LONG PATH
    * FY REVENUE HK$2.94 BILLION VERSUS HK$4.01 BILLION
    * EXPECTS RETAIL MARKET IN HONG KONG TO REMAIN EXTREMELY
DEPRESSED
FOR FORESEEABLE FUTURE
    * ON HONG KONG RETAIL MARKET, EXPECT LOCAL CONSUMER
SENTIMENT TO
BE VERY POOR UNTIL ECONOMY RECOVERS
    * DO NOT EXPECT TOURISM TO RECOVER IN ANY MEANINGFUL WAY IN
FORESEEABLE FUTURE
    * AS AT MARCH 31, NET CASH HK$2,263.2 MILLION & STRONG
BALANCE
SHEET PUTS GROUP IN STRONG POSITION

Source text for Eikon:  ID:nHKS1cQ3xr 
Further company coverage:  0113.HK 

 ((Reuters.Briefs@thomsonreuters.com;))