Brief: Kfm Kingdom Posts FY Profit Attributable Hk$644,000

KFM Kingdom Holdings

24/06/2020 16:20

June 24 (Reuters) - KFM Kingdom Holdings Ltd  3816.HK :
    * FY PROFIT ATTRIBUTABLE HK$644,000 VERSUS HK$49.7 MILLION
    * KFM KINGDOM-FY REVENUE K$986.7 MILLION VERSUS HK$1.01
BILLION
    * EXPECT SLOWDOWNS IN BUSINESS & REGRESSIONS IN GROWTH IN
GEOGRAPHIC SEGMENTS OF OPERATIONS
    * INCREASING LABOUR COST & MATERIAL COST IN PRC TO REMAIN
MAJOR
CHALLENGES TO GROUP
    * EXPECTED TREND OF RELOCATING BUSINESSES OF CUSTOMERS TO
LOWER
COST REGIONS SUCH AS SOUTHEAST ASIA WILL CONTINUE
    * AS AT 31 MARCH 2020, GROUP HAD 1,400 FULL-TIME EMPLOYEES
VERSUS
2,253 IN 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5NgF8C
Further company coverage:  3816.HK 

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