Brief: Honbridge Holdings Says Expects To Record About HK$340 Mln Revenue For Year

Honbridge Holdings

23/03/2020 09:11

March 23 (Reuters) - Honbridge Holdings Ltd  8137.HK :
    * EXPECTED TO RECORD ABOUT HK$340 MILLION REVENUE FOR YEAR
    * PROFIT ATTRIBUTABLE FOR YEAR EXPECTED TO DECREASE BY MORE
THAN
50%
    * EXPECTED INCREASE IN REVENUE AS 2019 WAS FIRST FULL YEAR
OF
OPERATION FOR ZHEJIANG FOREVER NEW ENERGY LITHIUM-ION BATTERY
PLANT
    * DUE TO IMPACT OF COVID-19 PANDEMIC, BUSINESS OF GROUP IN
PRC WAS
GENERALLY HALTED IN FEBRUARY
    * EXPECTED THAT REVENUE FOR PERIOD ENDED 31 MARCH 2020 WILL
BE
DECREASED BY MORE THAN 50%
    * EXPECTED DECREASE IN PROFIT DUE TO SIGNIFICANT DECREASED
IN
REVERSAL OF IMPAIRMENT OF EXPLORATION AND EVALUATION ASSETS FOR
2019
    * GROUP'S BUSINESS OPERATIONS IN PRC RESTORED GRADUALLY IN
MARCH

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbLMHDK
Further company coverage:  8137.HK 

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