Brief: Herald Holdings Says Will Recommend Final Dividend Of HK3 Cents Per Share

Herald Holdings

29/06/2023 11:27

June 29 (Reuters) - Herald Holdings Ltd  0114.HK :
    * WILL RECOMMEND A FINAL DIVIDEND OF HK3 CENTS PER SHARE
    * MANAGEMENT IS CONFIDENT GROUP WILL WEATHER MARKET
DIFFICULTIES
AND STRIVE TO ACHIEVE A SOLID RESULT IN NEW FINANCIAL YEAR
    * BUSINESS OF TOYS DIVISION WILL SLOW DOWN IN NEW FY
    * FY PROFIT ATTRIBUTABLE HK$82.3 MILLION VERSUS LOSS HK$61.1
MILLION
    * IN DISCUSSION WITH MAJOR CUSTOMER ON POTENTIAL LICENSING
AGREEMENT FOR “INGERSOLL” BRAND
    * FY REVENUE HK$1.26 BILLION VERSUS HK$1.18 BILLION
    * MANAGEMENT STILL CONCERNED ABOUT OVERSTOCKING PROBLEM OF A
MAJOR
CUSTOMER
    * OUTLOOK FOR COMPUTER PRODUCTS DIVISION IS NOT ENCOURAGING

Source text for Eikon:  ID:nHKS414HwQ 
Further company coverage:  0114.HK 

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