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2020-08-03 17:11:51
TAI HING GROUP (06811) sees 1H profit down 80%-90%

(Infocast News) Tai Hing Group Holdings Limited (06811) is expecting to record a decline in revenue for the six months ended 30 June 2020 by 20% as compared with the same period last year; and the profit attributable to the shareholders for the period is expected to record a decrease of 80% to 90% as compared with profit attributable to the shareholders of HK$50.3 million recorded for the same period last year.

The decline was mainly due to the outbreak of the novel coronavirus disease (COVID-19) which significantly impacted the operation of the group since January 2020.

(WL)