Brief: Kingmaker Footwear Says Production Suspended Until Aug 31 At Affected Factory In Vietnam May Resume In Sept

Kingmaker Footwear Holdings

23/08/2021 15:47

Aug 23 (Reuters) - Kingmaker Footwear Holdings Ltd
 1170.HK :
    * MANAGEMENT NOW ESTIMATES THAT NORMAL PRODUCTION AT
AFFECTED
FACTORY MAY BE RESUMED IN SEPTEMBER 2021
    * PRODUCTION SUSPENDED UNTIL 31 AUG AT AFFECTED FACTORY IN
VIETNAM, WHICH MAY RESUME IN SEPT
    * REVENUE EXPECTED TO INCREASE BY ABOUT 20% FOR APRIL-JUNE
QUARTER
    * SEES ADDITIONAL COSTS IN AFFECTED FACTORY IN VIETNAM AS A
RESULT
OF COVID-19 OUTBREAK
    * SEES COSTS WOULD HAVE AN EXTENT OF IMPACT FIRST-HALF
RESULTS


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