Brief: Kingmaker Footwear Holdings Says Orders From Customers For Q4 Expected To Decline

Kingmaker Footwear Holdings

03/03/2020 15:24

March 3 (Reuters) - Kingmaker Footwear Holdings Ltd
 1170.HK :
    * ORDERS FROM GROUP'S CUSTOMERS FOR Q4 OF FINANCIAL YEAR ARE
EXPECTED TO DECLINE
    * EXPECTS LOWER PRODUCTION OUTPUT, AND CONSEQUENTLY REVENUE,
FOR
Q4 OF FINANCIAL YEAR
    * SHORTAGE OF CERTAIN RAW MATERIALS HAS TO A CERTAIN EXTENT
DISRUPTED GROUP'S PRODUCTION OUTSIDE CHINA
    * DROP IN ORDERS TO IMPACT GROUP'S PERFORMANCE IN YEAR
ENDING
MARCH 2020
    * EPIDEMIC ALSO BROUGHT DISRUPTIONS TO LOGISTICS OF SUPPLY
CHAIN
FOR GROUP'S PRODUCTION LINES IN VIETNAM & CAMBODIA
    * PROPORTION OF LABOR COSTS TO REVENUE IS EXPECTED TO
INCREASE FOR
YEAR ENDING 31 MARCH 2020
    * EXPECTED TO RECORD A LOSS FOR YEAR ENDING 31 MARCH 2020

Source: (http://bit.ly/2IckFNY)
Further company coverage:  1170.HK 

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