Brief: ST International Sees Net Profit Of About HK$6 MLN For 1H2021

Webx International Holdings Co

03/08/2021 13:21

Aug 3 (Reuters) - ST International Holdings Company Ltd
 8521.HK :
    * SEES NET PROFIT OF ABOUT HK$6 MILLION FOR 1H2021
    * EXPECTED INCREASE IN NET PROFIT IS PRIMARILY DUE TO
INCREASE IN
REVENUE AND GROSS PROFIT
    * SEES INCREASE IN REVENUE OF NOT LESS THAN HK$22 MILLION
FOR
1H2021
    * SEES GROSS PROFIT MARGIN FOR 1H2021 TO DECREASE BY MORE
THAN 4.0
PERCENT POINTS
    * GROSS PROFIT IS EXPECTED TO INCREASE BY NOT LESS THAN HK$4
MILLION FOR 1H2021
    * GROSS PROFIT MARGIN MAY DECREASE DUE TO INCREASE IN COST
OF RAW
MATERIALS AND MORE COMPETITIVE PRICING OF PRODUCTS OFFERED BY
GROUP
    * SEES DECREASE IN ADMINISTRATIVE AND OTHER EXPENSES OF
ABOUT
HK$1.2 MILLION FOR 1H2021
    * EXPECTED DECREASE IN ADMINISTRATIVE AND OTHER EXPENSES DUE
TO A
DECREASE IN STAFF WAGES, AMONG OTHERS

Source text for Eikon:  ID:nHKSb1s1N9 
Further company coverage:  8521.HK 

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