Starlite Holdings (00403) said it reported a loss attributable to the owners of HK$9.18 million for the year ended 31 March 2017, as compared to the profit of HK$68.11 million for the previous financial year.
Basic and diluted loss per share was HK1.75 cents.
Revenue amounted to HK$1,446 million, a decrease of 10.8% from a year earlier.
The setback in the Group's performance was mainly attributable to reduction in the quantity and pricing of orders by major customers in the face of weakened market sentiment amidst more intensified competition in the printing and packaging sector; contraction in the operational efficiency of the Group's eastern China operation as a result of management reshuffle and personnel changes; impairment provision for the equipment of the Group's Suzhou plant; and rising price of paper affected the Group's profit margins.
No final dividend will be distributed.
20/06/2017 12:29
Starlite (00403) year net turns red to HK$9.18m; no div
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