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RTNominal down4.590 -0.020 (-0.434%)

05/08/2019 16:10

Zhou Hei Ya (01458) sees 35% decrease in interim net

[ET Net News Agency, 5 August 2019] Zhou Hei Ya International Holdings Company Limited
(01458) said it is expected that the net profit attributable to owners of the company for
the six months ended 30 June 2019 would decrease by approximately 35%, as compared with
the same for the six months ended 30 June 2018.
Such decrease was primarily due to (1) a decrease in the profit margin at the store
level; (2) a decrease in the gross profit margin resulting from an increase in the costs
of raw material; (3) an increase in the depreciation and energy consumption costs from the
Phase 1 of central China processing facility located in Hubei, which commenced operation
in October 2018, and from the northern China processing facility located in Hebei, which
commenced operation in April 2018; and (4) an increase in the rental costs of retail
stores. (RC)

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