Tongda Group Announces Positive Profit Alert for The Year Ended 31 December 2015

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

Feb 29, 2016 23:43 JST

Source: Tongda Group

Tongda Group Announces Positive Profit Alert for The Year Ended 31 December 2015

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

Source: Tongda Group
Sectors: Daily Finance, Daily News

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Release

JCB

JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST

mazda

Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST

Mitsubishi Heavy Industries, Ltd.

MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST

Honda Motor Co, Ltd

GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST

Toyota Motor Corporation

Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST

Honda Motor Co, Ltd

Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST

UNIQLO

UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST

Mitsubishi Power

Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST

Mitsubishi Corporation

MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST

Mitsubishi Motors

Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST

NEC Corporation

NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST

Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST

Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST

NEC Corporation

NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST

JCB

Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST

Toyota Motor Corporation

TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST

mazda

First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries, Ltd.

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Motor Corporation

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

More Latest Release >>