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17/09/2021 17:50

Ngai Hing Hong (01047) expects to record year profit

[ET Net News Agency, 17 September 2021] Ngai Hing Hong Company Limited (01047) said for
the year ended 30 June 2021, the group expects to record a profit attributable to the
equity holders of the company of not less than HK$88,000,000, as compared to a loss
attributable to the equity holders of the company of HK$6,212,000 for the year ended 30
June 2020.
Such change was mainly attributable to (1) the increase in turnover of the group caused
by the global economy gradually returned to normal during the current year and as a
result, overseas orders rebounded and the market demand for raw materials soared; and (2)
the improvement in gross profit margin as international oil prices rose from a trough,
which in turn drove the prices of plastic materials to continuously higher levels during
the year ended 30 June 2021. (RC)

Previous︰20/09/2021 08:45  Summary of listed companies announcements (4)

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