Brief: Tk Group Holdings Sees Significant Decrease In Consol Profit Attributable For Six Months

TK (Holdings)

21/04/2020 16:03

April 21 (Reuters) - TK Group Holdings Ltd  2283.HK :
    * SEES SIGNIFICANT DECREASE IN CONSOL PROFIT ATTRIBUTABLE
FOR SIX
MONTHS
    * EXPECTED RESULT AS OUTBREAK OF COVID-19 SEVERELY AFFECTED
PRODUCTION SCHEDULES OF GROUP'S FACTORIES IN GUANGDONG AND
JIANGSU
    * IMPLEMENTED 20% REDUCTION IN REMUNERATION OF ALL EXECUTIVE
DIRECTORS & SENIOR MANAGEMENT FROM 1 APRIL
    * DECIDED TO TEMPORARILY PUT PLAN TO BUILD OVERSEAS
FACTORIES ON
HOLD

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS27kbGc
Further company coverage:  2283.HK 

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