Brief: Xinyi Glass Posts FY Net Profit Attributable Of HK$6,422.2 Million

Xinyi Glass Holdings

01/03/2021 11:57

March 1 (Reuters) - Xinyi Glass Holdings Ltd  0868.HK :
    * FY NET PROFIT ATTRIBUTABLE HK$6,422.2 MILLION, UP 43.4%
    * PROPOSE A FINAL CASH DIVIDEND OF 62.0 HK CENTS PER SHARE
    * EXPECTS THAT PRICES FOR LOW SODA ASH WILL CONTINUE TO BE
MAINTAINED, AS COMPARED TO 2020 LEVELS
    * FY TOTAL REVENUE HK$18,615.9 MILLION, UP 14.5%
    * PROPOSES FINAL DIVIDEND OF 62.0 HK CENTS PER SHARE
    * CAUTIOUSLY OPTIMISTIC ON PROSPECTS FOR FLOAT GLASS MARKET,
AS
WELL AS ON AVERAGE SELLING PRICE TREND IN 2021
    * EXPLORING ACQUISITIONS AND NEW EXPANSION OPPORTUNITIES IN
CHINA
AND OVERSEAS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2MXNlg
Further company coverage:  0868.HK 

 (Reuters.Briefs@thomsonreuters.com)