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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Shun Wo Group Holdings Ltd    1591   KYG811921090

SHUN WO GROUP HOLDINGS LTD (1591)
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Shun Wo : sees decline in annual net profit

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05/17/2018 | 06:49am CEST

[ET Net News Agency, 17 May 2018] Shun Wo Group (01591) said it expects to record a net

profit of about HK$5 million for the year ended 31 March 2018, as compared to the net

profit of around HK$18.2 million for the previous financial year.

Such decrease in the net profit is primarily attributable to the decline of around 40%

in revenue of foundation works as well as the decline of the Group's gross profit margin

due to the keen competition faced by the Group in obtaining new businesses. (HL)

(c) 2018 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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05/17SHUN WO : sees decline in annual net profit
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Managers
NameTitle
Yee Pong Wong Chief Executive Officer & Executive Director
Yan Hung Wong Chairman
Kwok Fai Lai Chief Operating Officer & Executive Director
Kwo Foo Shum Director-Technical
Wai Tak Tam Independent Non-Executive Director
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