Brief: Top Form International Posts Q3 Sales Of Hk$342 Million, 4% Higher

Top Form International

10/06/2020 14:37

June 10 (Reuters) - Top Form International Ltd  0333.HK :
    * Q3 SALES OF HK$342 MILLION, 4% HIGHER
    * DIRECTORS HAVE AGREED TO WAIVE DIRECTORS' FEE FOR FISCAL
2021
    * GROUP IS EXPECTED TO INCUR A LOSS IN FISCAL 2020
    * Q4 RESULTS EXPECTED TO BE SIGNIFICANTLY IMPACTED BY
COVID-19
LOCKDOWNS
    * Q3 GROSS PROFIT MARGIN LOWER VERSUS PREVIOUS QUARTER & PCP
DUE
TO OUTBREAK OF COVID-19 IN CHINA
    * GROUP IS EXPECTED TO INCUR A LOSS IN FISCAL 2020
    * DIRECTORS AGREED TO WAIVE DIRECTORS' FEE FOR FISCAL 2021
    * DURING QUARTER, GROUP MAINTAINS HEALTHY CAPITAL STRUCTURE
WITH A
GEARING RATIO OF 19%

Source text for Eikon:  ID:nHKS4WRCWP 
Further company coverage:  0333.HK 

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