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eco-tek holdings ltd (8169) Details

Eco-Tek Holdings Limited, an investment holding company, engages in the research, development, marketing, sale, and servicing of environmental protection related products and services in Hong Kong and the People’s Republic of China. It operates through three segments: General Environmental Protection Related Products and Services; Industrial Environmental Products; and Water Supply Plant. It sells particulate removal devices and provides related ancillary services; sells hydraulic components and other related accessories; and supplies processed water. The company was founded in 1999 and is headquartered in Quarry Bay, Hong Kong. Eco-Tek Holdings Limited is a subsidiary of Team Drive Limited.

65 Employees
Last Reported Date: 01/25/17
Founded in 1999

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Executives, Board Directors

eco-tek holdings ltd
Eco-Tek Holdings Limited Announces Board Changes

The board of Eco-Tek Holdings Limited announced that Ms. HUI Wai Man Shirley has retired as chairman of the Board and non-executive Director at the AGM and did not offer herself for re-election. Since the retirement of Ms. HUI, the Board announces that Mr. WU Cheng-wei, the executive director of the company, was appointed as the chairman of the Board with effect from April 27, 2017. Mr. WU was appointed as a non-executive director of the company on December 21, 2015 and re-designated as an executive director of the company on September 12, 2016. He has over 28 years of experience in the engineering field and extensive experience in developing the Taiwan and international markets.

Eco-Tek Holdings Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2017

Eco-Tek Holdings Limited announced unaudited consolidated earnings results for the first quarter ended January 31, 2017. For the quarter, the company reported revenue was HKD 22,809,000 against revenue of HKD 17,069,000 a year ago. Due to the increase of sales volume of industrial environmental product business. Profit from operations was HKD 642,000 against loss from operations of HKD 490,000 a year ago. Profit before income tax was HKD 724,000 against loss before income tax of HKD 717,000 a year ago. Profit for the period was HKD 535,000 against loss for the period of HKD 717,000 a year ago. Profit for the period attributable to owners of the company was HKD 464,000 against loss for the period attributable to owners of the company of HKD 819,000 a year ago. Earnings per share attributable to owners of the company - basic were HKD 0.07 against loss per share attributable to owners of the company - basic of HKD 0.13 a year ago. Earnings per share attributable to owners of the company - basic of 0.07 cents against loss per share attributable to owners of the company - basic of 0.13 cents a year ago.

Eco-Tek Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Three Months Ended 31 January 2017

Eco-Tek Holdings Limited provided unaudited consolidated earnings guidance for the three months ended 31 January 2017. For the period, the group expects to record a turnaround to profit attributable to owners of the company approximately HKD 460,000 as compared to a loss attributable to owners of the company of approximately HKD 819,000 for the three months ended 31 January 2016. The expected turnaround profit was primarily attributable to the following reasons: The Group's revenue increased by approximately 34% for the three months ended 31 January 2017 as compared with the corresponding period in 2016 when the sales volume of industrial environmental products increased under a better industrial market in China; and The Group shared a profit of a joint venture approximately HKD 200,000 for the three months ended 31 January 2017 while the Group shared a loss of a joint venture approximately HKD 100,000 for the corresponding period in 2016.

 

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