Brief: Xinyi Glass Holdings Posts HY Net Profit Attributable Of HK$1,382.4 Mln
03/08/2020 13:47
Aug 3 (Reuters) - Xinyi Glass Holdings Ltd 0868.HK :
* HY NET PROFIT ATTRIBUTABLE HK$1,382.4 MILLION, DOWN 34.9%
* HY TOTAL SALES HK$7,134.0 MILLION, DOWN 4.2%
* DECLARE AN INTERIM DIVIDEND OF 17.0 HK CENTS PER SHARE
* CAUTIOUSLY OPTIMISTIC ABOUT FLOAT GLASS MARKET, AVERAGE
SELLING
PRICE TREND IN H2 2020
* EXPECTS MARKET DEMAND WOULD RETURN TO NORMAL IN H2 2020
* BUILDING NEW AUTOMOBILE GLASS FACTORY IN MALACCA,
MALAYSIA; NEW
PRODUCTION CAPACITY WILL START OPERATION IN 1H 2021
Source text https://bit.ly/33mR7sv
Further company coverage: 0868.HK
((Reuters.Briefs@thomsonreuters.com;))
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