Brief: Kiddieland International Posts HY Revenue Hk$217.5 Mln
18/12/2019 15:22
Dec 18 (Reuters) - Kiddieland International Ltd 3830.HK :
* HY REVENUE HK$217.5 MILLION VERSUS HK$203.1 MILLION
* HY PROFIT ATTRIBITABLE HK$15.3 MILLION VERSUS HK$11
MILLION
* DIRECTORS DO NOT BELIEVE DEMAND OF TOYS WILL GROW
CONSIDERABLY
IN SHORT TERM
* CERTAIN POSITIONS AT FACTORY IN DONGGUAN HAVE NOW BEEN
ELIMINATED
* IN LONGER TERM, GROUP WILL BE LOOKING TO RELOCATING ITS
MANUFACTURING FACILITIES FROM ITS CURRENT LOCATION
* IN 2020 SALES LIKELY CONTINUE TO STRUGGLE
Source text for Eikon: ID:nHKS1NM5fX
Further company coverage: 3830.HK
((Reuters.Briefs@thomsonreuters.com;))
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