Brief: Hengan International Says HY Profit Attributable Rmb1.28 Bln

Hengan International

19/08/2022 05:06

Aug 19 (Reuters) - Hengan International Group Company Ltd
 1044.HK :
    * HY PROFIT ATTRIBUTABLE RMB1.28 BILLION VERSUS RMB1.86
BILLION
    * INTERIM DIVIDEND OF RMB0.70 PER SHARE WAS PROPOSED
    * HY REVENUE RMB11.20 BILLION VERSUS RMB9.97 BILLION
    * EXPECTED  HIGH WOOD PULP PRICES WILL CONTINUE TO EXERT
PRESSURE
ON PROFITABILITY OF GROUP IN SECOND HALF OF YEAR
    * GROUP PLANS TO CARRY OUT PRODUCTION CAPACITY EXPANSION AND
TECHNOLOGICAL UPGRADES IN FUTURE
    * GIVEN THAT PRICE OF WOOD PULP IS CURRENTLY AT A HIGH LEVEL
AND
FUTURE TREND IS STILL UNCERTAIN
    * EXPECTED THAT GROUP’S GROSS PROFIT MARGIN WILL CONTINUE TO
BE
UNDER PRESSURE IN THE SECOND HALF OF 2022
    * SURGE IN PETROLEUM AND COMMODITY PRICES LED TO PRICE HIKE
IN
PETROCHEMICAL RAW MATERIALS USED IN SANITARY NAPKINS

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