[TodayIR] MAN WAH HLDGS: Man Wah Garners "Quantum Leap Award" under "Top 100 Hong Kong Listed Companies Selection" - Demonstrates Strong Profitability (Hong Kong – 19 November 2013) – Man Wah Holdings Limited ("Man Wah" or the "Group," stock code: 1999) received the "Quantum Leap Award" under the "Top 100 Hong Kong Listed Companies Selection" ("Top 100") for 2013 co-organised by Tencent QQ.com and Finet Group Ltd. The criteria for the “Quantum Leap Award” include assessing the growth potential of profitability of listed companies based on their net profit during the past three years. Man Wah recorded close to 90% growth of its net profit in its FY2013 annual results. In the most recent FY2014 interim results, Man Wah’s net profit surged by nearly 1.3 times to a record high of HK$502 million, while its net profit margin further jumped to 17.4%, reflecting the Group’s outstanding financial and operational performance. Dr Wong Man Li, Chairman of Man Wah, said, "We are highly honoured to receive the ‘Quantum Leap Award’ under the 'Top 100'. We have captured favourable external opportunities in recent years and recorded encouraging sales growth across various markets. Also, we focus on consolidation of internal resources and enhance efficiency of internal management, resulting in improvement in various cost indicators and overall profitability. Looking ahead, we will continue the prudent management style, aiming to maintain our leading presence in the global furniture market and generate better returns for our shareholders."
[TodayIR] MAN WAH HLDGS: Man Wah Garners "Quantum Leap Award