April 30, 2017 6:28 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Citychamp Watch & Jewellery Group Limited

Company Overview

Citychamp Watch & Jewellery Group Limited, an investment holding company, manufactures, sells, and distributes watches and timepieces in Hong Kong, the People’s Republic of China, Switzerland, the United Kingdom, and internationally. It offers watches and timepieces under the Rossini, EBOHR, Corum, Eterna, Rotary, Dreyfuss & Co, J&T Windmills, and Kana brands. The company is also involved in the property investment activities; distribution of glasses; and issuance of bonds activities. In addition, it operates a bank in Liechtenstein that offers financial services, including accepting client deposits and granting loans; and investment advice, asset management, and transaction banking services...

International Commerce Centre

Units 1902-04

Level 19

1 Austin Road West

Kowloon,  

Hong Kong

5,330 Employees

Phone:

852 2275 3700

Fax:

852 2865 2583

Key Executives for Citychamp Watch & Jewellery Group Limited

Chief Executive Officer and Executive Director
Age: 64
Total Annual Compensation: $12.5M
Executive Director
Age: 52
Total Annual Compensation: $1.7M
Executive Director
Age: 37
Total Annual Compensation: $1.5M
Executive Director
Age: 39
Total Annual Compensation: $1.4M
Executive Director
Age: 39
Total Annual Compensation: $1.4M
Compensation as of Fiscal Year 2016.

Citychamp Watch & Jewellery Group Limited Key Developments

Citychamp Watch & Jewellery Group Limited Announces Special Dividend, Payable on July 31, 2017

Citychamp Watch & Jewellery Group Limited has announced a special dividend of 5.0 cents per share. The ex-dividend date is June 01, 2017 and it is payable on July 31, 2017.

Citychamp Watch & Jewellery Group Limited Reports Consolidated Earnings Results for the Year Ended December 31, 2016

Citychamp Watch & Jewellery Group Limited reported consolidated earnings results for the year ended December 31, 2016. For the period, the company has posted total revenue of HKD 2,939,955,000 against HKD 3,476,354,000 a year ago. Profit before income tax was HKD 160,368,000 against HKD 472,710,000 a year ago. Profit for the year was HKD 63,840,000 against HKD 340,159,000 a year ago. Profit for the year attributable to owners of the company was HKD 36,703,000 or HK 0.84 cents basic and diluted per share against HKD 307,675,000 or HK 6.96 cents basic and diluted per share a year ago. Net cash used in from operating activities was HKD 704,732,000 against net cash generated from operating activities of HKD 184,237,000 a year ago. Purchase of property, plant and equipment intangible assets, prepaid land lease payments and convertible bond investment was HKD 167,043,000 against HKD 311,337,000 a year ago.

Citychamp Watch & Jewellery Group Limited Recommends No Final Dividend for the Year Ended 31 December 2016; Recommends Special Dividend for the Year Ending 31 December 2017

Citychamp Watch & Jewellery Group Limited announced that at the board meeting held on 31 March 2017, the board of directors do not recommend the payment of final dividend for the year ended 31 December 2016 against recommended final dividend of 2.5 HK cents per share for the last year. The board of directors has also resolved to recommend a special dividend of 5 HK cents per share. The proposed special dividend is subject to shareholders approval in the forthcoming 2017 annual general meeting and has not been recognised as dividend payable as at 31 December 2016, but will be reflected as an appropriation of retained profits/share premium for the year ending 31 December 2017.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 24, 2017
Seti Timber Industry (Shenzhen) Co., Ltd.
 

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