Brief: Ming Fai International Holdings Posts FY Profit Attributable HK$97.9 Mln

Ming Fai International Holdings

25/03/2020 13:39

March 25 (Reuters) - Ming Fai International Holdings Ltd
 3828.HK :
    * PROPOSED FINAL DIVIDEND OF HK3.0 CENTS PER SHARE
    * FY REVENUE DECREASED 0.5% TO ABOUT HK$2,043.1 MILLION
    * FY PROFIT ATTRIBUTABLE HK$97.9 MILLION VERSUS HK$100.2
MILLION
    * EXPECTED THAT GROUP'S HOSPITALITY SUPPLIES BUSINESS AND
OS&E
BUSINESS WOULD BE INEVITABLY AFFECTED
    * SWITCHED SOME PRODUCTION LINES TO PRODUCE ANTI-EPIDEMIC
PRODUCTS
LIKE ALCOHOLIC INSTANT HAND SANITIZERS IN PRC AND HONG KONG
    * WILL EXPAND PRODUCT LINES TO COVER MORE DISPOSABLE
INFECTION
CONTROL PRODUCTS AND PERSONAL HEALTH CARE RELATED PRODUCTS
    * INSTALLED FACE MASK PRODUCTION EQUIPMENT AT ITS PRODUCTION
BASE
IN PRC WHICH COMMENCED PRODUCTION IN MARCH 2020
    * GROUP IS UNABLE TO QUANTIFY COVID-19 RELATED FINANCIAL
EFFECTS

Source text for Eikon:  ID:nHKS9K15np 
Further company coverage:  3828.HK 

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