Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 22 January 2018, 17:00 HKT/SGT
Share:
    

Source: Dah Chong Hong
DCH issues positive profit alert announcement
Expects 50%+ net profit increase in 2017

HONG KONG, Jan 22, 2018 - (Media OutReach) - Dah Chong Hong Holdings Limited ("DCH", HKSE: 1828) announced today that based on a preliminary review of the unaudited financial information of the Group, DCH expects to record an increase of more than 50% in its consolidated net profit attributable to shareholders for the year ended 31 December 2017 as compared to the year ended 31 December 2016.

The increase of net profit is attributable to: (i) the favourable improvement in net profit form the Group's Mainland Motor business which benefited from effective margin management and strong market demand for luxury cars during the year; (ii) effective cost management initiatives implemented during the year; and (iii) the full year profit contribution from business acquisitions and disposals. These favorable impacts were partly offset by additional costs incurred in the Group's mainland China Consumer Products businesses which were undergoing restructuring.

The final results of the Group for the year ended 31 December 2017 are expected to be announced in March 2018.

This press release should be read in conjunction with the full text of DCHs HKEx Announcement dated 22 January 2018, which is available on https://www.hkex.com.hk.

About DCH

Dah Chong Hong ("DCH", stock code: 1828.HK) is an integrated motor and consumer products distribution company operating in Asia with an extensive logistics network. DCH is a leading distributor and dealer of motor vehicles in Greater China and provides a full range of motor related services including maintenance, rental, repair and financing. DCH's consumer products business includes the distribution of food and FMCG, healthcare and electronic products as well as food processing, trading and retail. Dedicated to bringing to quality products to consumers across Asia, DCH is the preferred partner of over 1,000 brands from more than 30 countries with operations in 12 Asian economies. DCH is a subsidiary of China's largest conglomerate CITIC Limited (stock code: 0267.HK), DCH employs over 17,000 staff across the region. For more details, please visit www.dch.com.hk

Media Enquiries:
Ms. Gwen Walters
(852) 2768 2017
gwenwalters@dch-holding.com

Ms. Katherine Tung
(852) 2768 2585
katherinetung@cccm.dch.com.hk


Jan 22, 2018 17:00 HKT/SGT
Topic: Press release summary

http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Dah Chong Hong
Aug 27, 2018 20:05 HKT/SGT
Dah Chong Hong Announces 2018 Interim Results
Mar 8, 2018 21:30 HKT/SGT
Dah Chong Hong Announces 2017 Annual Results
Mar 2, 2011 10:00 HKT/SGT
Dah Chong Hong Announces 2010 Annual Results; Record Year on the Fast Track - High Growth Accelerates
More news >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: