Brief: Kingmaker Footwear Sees Decrease In Sales By 30% During Q1

Kingmaker Footwear Holdings

24/08/2020 16:16

Aug 24 (Reuters) - Kingmaker Footwear Holdings Ltd
 1170.HK :
    * KINGMAKER FOOTWEAR HOLDINGS LTD SEES  DECREASE IN SALES BY
30%
DURING Q1
    * SEES  DECREASE IN PROFIT MARGIN DURING Q1 OF FINANCIAL
YEAR
ENDING 31 MARCH 2021
    * EXPECTED THAT GROUP'S BUSINESS WOULD REMAIN SLOW UNTIL AT
LEAST
END OF 2020
    * GRADUAL RECOVERY OF SALES REVENUE IS EXPECTED FOR COMING
MONTHS
    * ENTERED INTO A LEASE AGREEMENT WITH INDEPENDENT THIRD
PARTY TO
LEASE OUT UNUTILIZED PART OF ZHUHAI PLANT
    * SEES  FAIR VALUE GAIN ARISING FROM REVALUATION OF PROPERTY
OF
NOT LESS THAN HK$100 MILLION FOR HY ENDING 30 SEPTEMBER 2020

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbsC62Z
Further company coverage:  1170.HK 

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