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1010 printing group ltd (1127) Snapshot

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1010 printing group ltd (1127) Details

1010 Printing Group Limited, an investment holding company, provides printing services to international book publishers, trade, professional and educational conglomerates, and print media companies. The company’s printed products include illustrated leisure and lifestyle books, educational text books, learning materials, and children’s books. It is also involved in printing agency and outdoor media printing activities; and the provision of graphic design services, as well as distributes published content. The company operates in the People’s Republic of China, the United States, the United Kingdom, Australia, Spain, Brazil, Mexico, New Zealand, Germany, Chile, Hong Kong, Bolivia, Italy, Singapore, Peru, and internationally. 1010 Printing Group Limited was founded in 2005 and is headquartered in Kwun Tong, Hong Kong.

1,606 Employees
Last Reported Date: 09/4/15
Founded in 2005

1010 printing group ltd (1127) Top Compensated Officers

Executive Director
Total Annual Compensation: $1.7M
Chief Technology Officer and Executive Direct...
Total Annual Compensation: $1.1M
Senior Advisor
Total Annual Compensation: $2.5M
Compliance Officer, Executive Director, Membe...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2014.

1010 printing group ltd (1127) Key Developments

1010 Printing Group Limited Announces the Retirement of Yang Sze Chen, Peter as Executive Director, Effective August 26, 2015

The board of directors of 1010 Printing Group Limited announced the retirement of Mr. Yang Sze Chen, Peter and his resignation as executive director of the company with effect from August 26, 2015. He will remain as a senior advisor to the Board.

1010 Printing Group Limited Recommends Interim Dividend for the Six Months Ended June 30, 2015, Payable on or Around September 23, 2015

The Board of 1010 Printing Group Limited has resolved to recommend the payment of an interim dividend of HKD 0.025 per ordinary share for the six months ended June 30, 2015 to shareholders whose names appear on the register of holders of ordinary shares of the company as at the close of business on 11 September 2015. The relevant dividend warrants will be despatched to shareholders on or around 23 September 2015.

1010 Printing Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015; Provides Earnings Guidance for the Second Half of 2015

1010 Printing Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported profit attributable to the owners of the company of HKD 57,680,000 or 7.49 cents per basic share on turnover of HKD 837,306,000 compared to profit attributable to the owners of the company of HKD 56,695,000 or 7.36 cents per basic share on turnover of HKD 559,407,000 a year ago. Profit before income tax was HKD 78,376,000 compared to HKD 69,458,000 a year ago. Profit for the period was HKD 68,174,000 compared to HKD 56,622,000 a year ago. Total comprehensive income attributable to the owners of the company was HKD 52,520,000 compared to HKD 54,850,000 a year ago. Net cash generated from operating activities was HKD 96,158,000 compared to HKD 72,135,000 a year ago. Purchases of property, plant and equipment was HKD 9,154,000 compared to HKD 13,867,000 a year ago. Payment on acquisition of assets was HKD 3,078,000. The Group had a difficult first half in 2015 with total comprehensive income attributable to owners of the company declined by 4% despite a 50% increase in sales turnover. The increase in the sales turnover was attributed from the sales turnover contributed by OPUS Group Limited. As highlighted in the 2014 annual report, the Group suffered from the strength of the US dollar and the Chinese Renminbi against currencies in the major export markets: Australia, the UK, Europe and Latin America. Sales turnover and earnings at the company excluding OPUS Group suffered single digit decline in the first half. Towards the end of the second quarter, the company saw the strong demand for adult coloring books from the US and European markets and management is cautiously optimistic of the results in the second half of the year. The management continue to focus the efforts on automating the production line and fine tuning its supply chain. The supply chain has proved to be critical for the company in gaining a large share of business which demand quick delivery at short notice.


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