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Article Date: July 2020
Word Count: 178

Kingmaker Has Loss for Year, Sees Further Declines Coming

Net loss attributable to shareholders for the year ended Mar. 31 was HK$51,386,000 ($6.6 mm) against a profit of HK$35,593,000 as the top line contracted by 5% to HK$1,050,064,000 ($134.1 mm) from HK$1,100,649,000. Including a gain on revaluation of land and buildings, and other comprehensive items, net income more than doubled to HK$80,242,000. Gross margin declined 350 basis points to just 7.1%. Sales to the U.S. were a bright spot, increasing 18% to HK$153.9 million, but Europe declined 14% to HK$298.6 million, Asia was down 3% to HK$434.2 million ... Log in to view full article.


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