Hop Hing Group Holdings Limited, an investment holding company, operates a chain of quick service restaurants under the brand names of Yoshinoya and Dairy Queen in the People’s Republic of China. As of December 31, 2014, the company operated 292 Yoshinoya and 133 Dairy Queen stores. It also engages in the agricultural operations; and provision of management services. Hop Hing Group Holdings Limited is headquartered in Yuen Long, Hong Kong.
Hop Hing building
Flat A, 2nd Floor
9 Ping Tong Street East
Tong Yan San Tsuen
Hop Hing Group Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015
Aug 28 15
Hop Hing Group Holdings Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the quarter, the company reported turnover of HKD 1,014,791,000 against HKD 1,056,888,000 a year ago. Profit from operating activities was HKD 35,670,000 against HKD 24,432,000 a year ago. Profit before tax was HKD 35,172,000 against HKD 23,584,000 a year ago. Profit attributable to equity holders of the company was HKD 25,715,000 or 0.26 HK cents per basic and diluted share against HKD 17,478,000 or 0.17 HK cents per basic and diluted share a year ago. The higher profit for the period compared to the corresponding period in 2014 was mainly due to a reduced provision made in the period under review for closure of stores that did not meet internal profitability requirements and the inclusion of a currency exchange loss in the first half of last year. During the six months ended June 30, 2015, the Group acquired items of property, plant and equipment with a cost of HKD 40,242,000 against HKD 43,354,000 a year ago. In the first half of 2015, sales revenue dropped by 4.0%, which was mainly attributable to the decrease in customer traffic and the closure of certain under-performing stores in 2014 and the first half of this year. The decrease in customer traffic resulted from the weak consumption sentiment caused by the sluggish business environment. The call delivery and internet and WAP-based ordering systems implemented by the management in previous years have become an alternative source to capture orders, in particular, in the North East China region.
Hop Hing Group Holdings Limited to Report First Half, 2015 Results on Aug 28, 2015
Aug 18 15
Hop Hing Group Holdings Limited announced that they will report first half, 2015 results on Aug 28, 2015
Hop Hing Group Holdings Limited, Board Meeting, Aug 28, 2015
Aug 18 15
Hop Hing Group Holdings Limited, Board Meeting, Aug 28, 2015. Agenda: To consider and approve the unaudited interim results of the company and its subsidiaries for the six months ended June 30, 2015 and its publication.