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08425 HING MING HLDGS
RTNominal down1.250 -0.080 (-6.015%)
Others

29/05/2019 17:40

Hing Ming (08425) sees substantial decrease in year net

[ET Net News Agency, 29 May 2019] Hing Ming Holdings Limited (08425) said the group is
expected to record a moderate decrease in total revenue and a substantial decrease in net
profit attributable to the owners of the company for the year ended 31 March 2019 as
compared to that for the corresponding period in 2018.
Such expected decrease in net profit was mainly attributable to (i) the decrease in
revenue generated from the trading of equipment and spare parts business of the group due
to the competition with other market players and (ii) a lower gross profit margin for the
group as a result of the increased in depreciation charges in cost of sales for the year
ended 31 March 2019. (RC)

Remark: Real time quote last updated: 09/12/2019 17:59
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