Brief: King Fook Sees FY Profit Attributable Of Over HK$5 Mln

King Fook Holdings

29/05/2020 10:25

May 29 (Reuters) - King Fook Holdings Ltd  0280.HK :
    * SEES CONSOLIDATED PROFIT ATTRIBUTABLE TO OWNERS OF COMPANY
FOR
YEAR OF OVER HK$5 MILLION
    * EXPECTED RESULT DUE TO INCREASE IN REVENUE IN RETAIL
BUSINESS OF
GROUP
    * FROM FEBRUARY TO APRIL, GROUP'S REVENUE DROPPED BY ABOUT
42%
    * BELIEVES COVID-19 WILL HAVE SIGNIFICANT IMPACT ON GROUP'S
SALES
PERFORMANCE IN H1 2020
    * CURRENTLY, GROUP'S LIQUIDITY POSITION HAS NOT BEEN
MATERIALLY
AFFECTED
    * DID NOT CARRY OUT ANY STAFF REDUNDANCY OR NO PAY LEAVE
MEASURES
DURING FEBRUARY TO MAY

Source text for Eikon:  ID:nHKS4zXdBD 
Further company coverage:  0280.HK 

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