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| Achieves Record Revenues and Profitability |
HONG KONG, Mar 27, 2015 - (ACN Newswire) - King's Flair International (Holdings) Limited, ("King's Flair" or the "Company", together with its subsidiaries, the "Group") (stock code: 6822), a leading kitchenware designer and supplier, today announced its results for the year ended 31 December 2014.
Highlights
- Revenue: up 10.0% to HK$1,359.5 million (2013: HK$1,236.3 million)
- Gross profit: up 30.8% to HK$245.9 million (2013: HK$188.0 million)
- EBITDA: up 33.3 % to HK$ 126.0 million (2013: 94.5 million)
- Profit before income tax: up 20.9% to HK$116.7 million (2013: HK$96.5 million)
- Net profit: up 19.0% to HK$93.2 million (2013: HK$78.3 million)
- Earnings per share: up 12.5% to HK$0.18 (2013: HK$0.16 pro forma)
- Gearing ratio: down to 15.2% (2013: 17.8% )
- The Directors do not propose any final dividend in respect of the year ended 31 December 2014
Commenting on the record results, Mr. Wong Siu Wah, Chairman and Executive Director, said, "In our first set of results since listing on the Hong Kong Stock Exchange we have once again achieved record sales and profits, reflecting the consistent and successful execution of our growth strategy. Apart from lower cost of products, we believe our strong design, development and engineering capabilities are the key growth drivers and strategic differentiators in such a highly competitive market. With several decades of experience in the global kitchenware business, we are well positioned to build on the record financial performance we achieved in 2014 and for continued growth over the long term."
Contact:
Newgate Communications
Richard Barton
Tel: (852) 3758 2686
Mob: (852) 9301 2056
Email: richard.barton@newgate.asia
Grace Zhang
Tel: (852) 3758 2687
Mob: (852) 6756 1127
Email: grace.zhang@newgate.asia
Topic: Press release summary
Source: King's Flair International (Holdings) Limited
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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