Brief: Kinetic Mines And Energy Posts FY Profit Attributable Rmb833.3 Mln

Kinetic Development

24/03/2020 13:35

March 24 (Reuters) - Kinetic Mines and Energy Ltd  1277.HK :
    * FY PROFIT ATTRIBUTABLE RMB833.3 MILLION VERSUS RMB807.0
MILLION
    * PROPOSED A FINAL DIVIDEND OF HKD0.03 PER SHARE
    * FY REVENUE RMB2,736.1 MILLION VERSUS RMB2,443.4 MILLION
    * CORONAVIRUS OUTBREAK DOES NOT HAVE MATERIAL IMPACT ON
GROUP'S
PRODUCTION
    * CORONAVIRUS MAY LEAD TO IMPAIRMENT LOSSES ON TRADE
RECEIVABLES
AND SALES REDUCTION FROM CUSTOMERS IN FUTURE PERIODS
    * CORONAVIRUS OUTBREAK MAY IMPACT GROUP'S OPERATIONS &
FINANCIAL
POSITION

Source text for Eikon:  ID:nHKS76wRT3 
Further company coverage:  1277.HK 

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