Brief: Chaowei Power FY Profit Attributable Up 36%

Chaowei Power Holdings

30/03/2020 16:11

March 30 (Reuters) - Chaowei Power Holdings Ltd  0951.HK :
    * PROFIT ATTRIBUTABLE FOR YEAR RMB561 MILLION, UP 36%
    * REVENUE FOR YEAR ABOUT RMB27,182 MILLION, UP 0.9%
    * PROPOSED TO DECLARE A FINAL DIVIDEND OF HKD0.084 PER SHARE
    * DIRECTORS CONSIDER THAT THERE WAS ONLY LIMITED IMPACT ON
OPERATION OF GROUP DUE TO CORONAVIRUS
    * COVID MAINLY AFFECTED LOGISTICS ARRANGEMENTS AND RESULTED
IN A
SLOWER RAMP UP IN PRODUCTION CAPACITY AFTER CHINESE NEW YEAR
HOLIDAYS

Source text for Eikon:  ID:nHKS2FC2jH 
Further company coverage:  0951.HK 

 ((Reuters.Briefs@thomsonreuters.com;))