[ET Net News Agency, 16 July 2021] FIT Hon Teng Limited (06088) said for the six months
ended 30 June 2021, the unaudited net profit of the group is anticipated to be between
US$8 million and US$10 million, as compared to US$22 million for the six months ended 30
June 2020.
The decrease in net profit was mainly attributable to (1) the temporary shutdown of the
Vietnam production facilities, and the reduced production scale under the relevant
pandemic prevention requirements of the government of Vietnam; and (2) the increase in the
prices of raw materials. (RC)