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King”s Flair Announces Final Results for the Year Ended 31 December 2014

 

King”s Flair Announces Final Results for the Year Ended 31 December 2014

POSTED BY administrator on Mar 28 under Kitchenware

King”s Flair Announces Final Results for the Year Ended 31 December 2014
News from Nasdaq:

By Japan Corporate News,  March 27, 2015, 10:10:00 AM EDT


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 s…………… continues on Nasdaq

… Read the full article
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