BRIEF-Yue Yuen Industrial Sees Increase Of 55% To 60% In Its Profit Attributable For Year

Reuters
11 Feb
BRIEF-Yue Yuen Industrial Sees Increase Of 55% To 60% In Its Profit Attributable For Year

Feb 11 (Reuters) - Yue Yuen Industrial (Holdings) Ltd 0551.HK:

  • SEES INCREASE OF 55% TO 60% IN ITS PROFIT ATTRIBUTABLE FOR YEAR

  • EXPECTED RESULT DUE TO SUBSTANTIAL RISE IN BRAND CUSTOMERS' DEMAND FOR FOOTWEAR PRODUCTS, OTHERS

  • INDONESIAN TAX BUREAU CLAIMED ADDITIONAL TAXES OF US$79.0 MILLION & US$30.0 MILLION FROM UNITS

  • IF ADDITIONAL INCOME TAX EXPENSE RECOGNIZED IN FINANCIAL STATEMENTS FOR FY, EXPECTED TO HAVE 5% TO 10% ADVERSE IMPACT ON PROFIT

Further company coverage: 0551.HK

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

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