Brief: Hengan International Posts HY Profit Attributable Rmb1.86 Billion

Hengan International

18/08/2021 11:04

Aug 18 (Reuters) - Hengan International Group Company Ltd
 1044.HK :
    * HENGAN INTERNATIONAL GROUP COMPANY - HY PROFIT
ATTRIBUTABLE
RMB1.86 BILLION VERSUS RMB2.26 BILLION
    * HENGAN INTERNATIONAL GROUP COMPANY - DECLARED AN INTERIM
DIVIDEND OF RMB1.00 PER SHARE
    * HENGAN INTERNATIONAL - HY REVENUE RMB9.97 BILLION VERSUS
RMB10.93 BILLION
    * HENGAN INTERNATIONAL GROUP SEES UPWARD TREND OF WOOD PULP
PRICES
IN 1H 2021 EXERTING PRESSURE ON PROFITABILITY OF GROUP IN 2H
    * HENGAN INTERNATIONAL - DUE TO UNCERTAIN PRICE TREND OF 
WOOD
PULP, GROSS PROFIT MARGIN IN H2 STILL EXPECTED TO BE UNDER 
PRESSURE TO A CERTAIN EXTENT
    * HENGAN INTERNATIONAL GROUP - WILL INCREASE INVESTMENT IN
NEW
RETAIL MARKET TO INCREASE GROUP'S COVERAGE IN NEW SALES CHANNELS
    * HENGAN INTERNATIONAL GROUP - WILL CONSOLIDATE TRADITIONAL
CHANNELS AND INTEGRATE ONLINE AND OFFLINE RETAIL MODELS

Source text for Eikon:  ID:nHKS4ZLTNh 
Further company coverage:  1044.HK 

 (Reuters.briefs@thomsonreuters.com)