Home / Knowledge / News / Textiles / Fountain Set declares unaudited consolidated 2007 interim results

Fountain Set declares unaudited consolidated 2007 interim results

21
May '07
Fountain Set (Holdings) Limited announced its unaudited consolidated interim results for the six months ended 28th February, 2007. For the six months ended 28th February, 2007, the Group's turnover was approximately HK$2,976,417,000, a decrease of 8.08% over the same period last year.

Unaudited profit attributable to shareholders amounted to approximately HK$60,244,000, a decrease of 20.61% over the same period last year when excluding the net gain on disposal of certain property interests recorded in the corresponding period.

Profit margin for the period under review was 2.02%, a decrease of 0.32 percentage point over the same period last year. Earnings per share were HK7.6 cents, compared to HK9.6 cents (HK25.8 cents if included the net gain on disposal of property interests) for the first half of financial year 2006. The Board resolved the payment of an interim dividend of HK4.0 cents per share.

The newly rebuilt effluent treatment unit at Dongguan Fuan Textiles Limited (Fuan), a joint venture subsidiary of the Group, was under test run starting from September 2006. During the period, the production capacity of Fuan was not in full operation and as a result, there was an impact on the production output which translated into lower turnover for the Group when compared to the same period last year.

At the end of January 2007, Fuan successfully obtained official government certification for such effluent treatment unit, allowing the production capacity of Fuan to gradually recover thereafter.


Must ReadView All

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Pic: Shutterstock

Apparel/Garments | On 18th Sep 2021

BGMEA urges Canadian buyers to source apparel from Bangladesh

Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...

Interviews View All

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search