Vinda International Holdings estimates operating profit for 2019 fiscal year will be up by more than 50%
HONG KONG, January 13, 2020-
This announcement is made by Vinda International Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) pursuant to Rule 13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors of the Company (the “Board”) wishes to inform the shareholders of the Company (the “Shareholders”) and potential investors that, based on the preliminary review of the management accounts of the Group, the Company’s operating profit for the year ended 31 December 2019 (the “Year 2019”) is expected to increase by more than 50% as compared to the year ended 31 December 2018 (the “Year 2018”), the Company’s profit attributable to the equity holders of the Company for the Year 2019 is expected to increase by more than 70% as compared to the Year 2018. The Company’s operating profit and profit attributable to the equity holders for the Year 2018 were HK$1,019,624,864 and HK$649,304,689 respectively. The positive profit development of the Year 2019 is mainly due to the favorable raw material prices in combination with a continuous revenue growth and the improved product mix.
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