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fountain set hldgs (420) Details

Fountain Set (Holdings) Limited, an investment holding company, produces and sells knitted fabrics for garment manufacturers in the People’s Republic of China, South Korea, Sri Lanka, the United States, Europe, and internationally. It provides integrated operations in fabric knitting, dyeing, printing, and finishing. The company also offers yarns, dyed yarns, and sewing threads; and garments, including men’s wear, women’s wear, children’s wear, and sportswear. In addition, it trades dyestuffs and chemicals. The company was founded in 1969 and is headquartered in Kwai Chung, Hong Kong.

11,900 Employees
Last Reported Date: 08/29/16
Founded in 1969

fountain set hldgs (420) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $4.3M
Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.
fountain set hldgs
Fountain Set Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016; Provides CapEx Guidance for 2016

Fountain Set Holdings Ltd. announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of HKD 3,076,618,000 against HKD 3,202,735,000 a year ago. Profit attributable to owners of the Company was HKD 68,020,000 or 5.6 cents per basic and diluted share against HKD 26,985,000 or 2.2 cents per basic and diluted share a year ago. Profit before taxation was HKD 92,725,000 against HKD 49,386,000 a year ago. EBITDA was HKD 186,639,000 against HKD 162,229,000 a year ago. For the six months ended 30 June 2016, the Group invested approximately HKD 96,200,000, compared to HKd 25,354,000 for the six months ended 30 June 2015, in additions of property, plant and equipment and other intangible assets. The Group expects the capital expenditure for the whole financial year will be approximately HKD 180,000,000.

Fountain Set Holdings Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2016

Fountain Set Holdings Ltd. provided consolidated earnings guidance for the six months ended June 30, 2016. The board of directors of the company announced that based on preliminary review of the unaudited consolidated management accounts of the group, it is expected that the group will record a significant increase in net profit for the six months ended June 30, 2016 as compared to the net profit for the six months ended June 30, 2015. The significant increase in net profit for the six months ended June 30, 2016 was mainly attributable to (i) the improvement in sales volume of the group; (ii) the improvement in operation efficiency through adopting a series of measures by the group to reduce operating and production costs; and (iii) the depreciation of Reminbi ("RMB") resulting in a decrease in production cost as most of the production plants of the group are located in China.

Fountain Set Holdings Ltd. to Report First Half, 2016 Results on Aug 18, 2016

Fountain Set Holdings Ltd. announced that they will report first half, 2016 results on Aug 18, 2016


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