Brief: Fountain Set Posts FY Revenue Of HK$6.75 Bln

Fountain Set Holdings

18/03/2022 08:38

March 18 (Reuters) - Fountain Set Holdings Ltd  0420.HK :
    * FY REVENUE HK$6.75 BILLION VERSUS HK$4.94 BILLION
    * PROFIT FOR YEAR ATTRIBUTABLE HK$241.3 MILLION VERSUS
HK$85.7
MILLION
    * RECOMMENDED FINAL DIVIDEND HK16 CENTS PER SHARE
    * RECOVERY OF END CONSUMER APPAREL MARKET SUPPORTS STRONG
CUSTOMER
ORDER DEMAND OF TEXTILE, APPAREL HEADING INTO 2022
    * ORDER VISIBILITY IS SOLID AND STRONG AND SALES MOMENTUM OF
2021
HAS BEEN SEEN IN Q1 OF 2022
    * RISING RAW MATERIAL COSTS, POTENTIAL OUTBREAK OF OMICRON,
STRAINED SHIPMENTS WILL CLOUD STABILITY OF PRODUCTION OF SUPPLY
CHAIN

Further company coverage:  0420.HK 

 (Reuters.briefs@thomsonreuters.com)