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RTNominal up1.550 +0.010 (+0.649%)

25/05/2021 17:56

Karrie Int'l (01050) expects 35% increase in year net

[ET Net News Agency, 25 May 2021] Karrie International Holdings Limited (01050) said
the group expects to record an increase of not less than 35% in the profit attributable to
equity shareholders for the financial year ended 31 March 2021, as compared to that of the
group for the financial year ended 31 March 2020.
Such increase was mainly attributable to (1) increased demands for cloud application,
online business and high performance computing continue to drive the mid-to long-term
demand of the server industry as a whole, which in turn results in good growth for the
metal and plastic business of the group during the year; (2) the group's continuous
optimization of its product mix and its consistent progress on the highly automated
production during the year; (3) certain units from Phase 4 of Castfast Villas, a Three Old
Renovation residential project of the group located in Fenggang, Dongguan, Guangdong
Province, have been delivered and recognized during the year; and (4) the group was
granted lump-sum subsidies and expense deduction by the governments of Mainland China and
Hong Kong during the year. (RC)

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