Aluminium firm sees silver lining

Article Abstract:

Far East Aluminium Holdings expects it turnover to be more than double in 1998 despite weak economic condition. After completion of some contract on hand, the company posted a more than 50% increase in turnover in the first five months of 1998. It has secured contracts valued at HK$800 mn up to the end of 1998. Far East may acquire some companies in Hong Kong or China in order to lessen the impact of the economic crisis. *

Comment:

Expects it turnover to be more than double in 1998 despite weak economic condition

Aluminum, Primary Aluminum Production, Aluminum industry, Aluminum products, Far East Aluminium Holdings Ltd.

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EASYKNIT LOSES $543 MN DUE TO PROPERTY FORAYS

Article Abstract:

Clothing exporter Easyknit International has suffered an exceptional losses at HK$543.47 mn for the year to 31 March 1998. Turnover for Easyknit International was HK$1.665 bn in the same period. The company lost HK$52 mn in property acquisitions deposits. Losses from properties being held for development worth HK$201.35 mn. Another HK$289.89 mn was lost due to revaluation of properties. *

Comment:

Clothing exporter suffers an exceptional losses at HK$543.47 mil for the year to 3/31/98

Apparel, Textiles, Ftwr Whsle, Apparel, Piece Goods, and Notions Wholesalers, Easyknit International

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New Island profit dives

Article Abstract:

Hong Kong printing company New Island Printing Holding has announced that its turnover in the year to March 31st 1998 totalled HK$ 330.5mn, down from HK$ 383mn a year earlier, while profits dropped 65% to HK$ 22mn. The company attributed the drops to its aggressive pricing strategy and the costs and disruption caused by its new Shanghai plant. New Island saw exports grow by 15% in the year.

Comment:

Hong K printing company announces that its turnover in yr to 3/31/98 totals HK$330.5 mil, down from HK$383 mil in 1997

Printing & Publishing, New Island Printing Holding

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