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| Monday, 29 February 2016, 22:43 HKT/SGT | |
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Source: Tongda Group | |
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HONG KONG, Feb 29, 2016 - (ACN Newswire) - Tongda Group Holdings Limited ("Tongda Group" or the "Group") (Stock Code: 698) announced that, based on the currently available information, the Board wishes to inform the Shareholders and potential investors of the Company that the profit attributable to owners of the Company for the year ended 31 December 2015 is expected to increase by approximately 35% to 40%, when compared with that for the year ended 31 December 2014 of HK$501.7 million.
The Directors consider that the growth in the profit attributable to the owners of the Company is mainly due to the continuous enhancement of the Group's consolidated gross profit as a result of the corresponding increase in the Group's turnover and gross profit margin.
The increase in the Group's turnover in handset segment is mainly due to the introduction of metal casing products and significant increase in the contribution from one of the major customers. Besides, due to the change of the sales mix, the gross profit margin from turnover of major customers also improved.
For details, please refer to the announcement:
http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0229/LTN20160229948.pdf
Contact:
Strategic Financial Relations Limited
Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk
Angel Li Tel: 2864 4859 Email: angelok.li@sprg.com.hk
Angel Wong Tel: 2114 4953 Email: angela.wong@sprg.com.hk
Fax: 2527 1196
Website: www.sprg.com.hk
Topic: Press release summary
Source: Tongda Group
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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