Man Wah Holdings (01999) said its profit attributable to owners for the financial year ended 31 March 2017 rose 32% year-on-year to HK$1,752 million.
Basic and diluted earnings per share were HK45.64 cents and HK45.47 cents.
Revenue amounted to HK$7,779 million, an increase of 6.2% from a year earlier.
The overall gross profit margin increased from about 39.5% to 41.9% year-on-year. The main reason for the margin expansion was the price fall of main raw materials, the cost reduction resulting from the depreciation of RMB, and the fact that the Group has continued to improve the efficiency of internal operations.
The proposed final dividend is HK14 cents (2016: HK19 cents) per share, payable on 2 August 2017.
24/05/2017 12:08
Man Wah (01999) year net up 32% to HK$1.75bn; div HK14 cts
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