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king fook holdings (280) Details

King Fook Holdings Limited, an investment holding company, engages in the wholesale and retail of gold ornaments, jewelry, watches, fashion, gifts, and diamond products primarily in Hong Kong. The company is also involved in the sale of travel related products. In addition, it provides money exchange services; investment and bullion trading services; and marketing services for the sale of travel related products. The company was founded in 1949 and is based in Central, Hong Kong.

Founded in 1949

king fook holdings (280) Top Compensated Officers

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Compensation as of Fiscal Year 2016.

king fook holdings (280) Key Developments

King Fook Holdings Limited Announces Audited Consolidated Cash Flow Results for the Year Ended March 31, 2016

King Fook Holdings Limited announced audited consolidated cash flow results for the year ended March 31, 2016. For the year, the company's net cash used in operating activities was HKD 108,709,000 compared to net cash generated from operating activities of HKD 53,241,000 a year ago. Purchase of property, plant and equipment was HKD 8,637,000 compared to HKD 3,132,000 a year ago.

King Fook Holdings Limited Announces Audited Consolidated Earnings Results for the Year Ended March 31, 2016

King Fook Holdings Limited announced audited consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of HKD 612,271,000 compared to HKD 838,949,000 a year ago. Such decrease was due to the closure or downsizing of several retail shops of the Group in the previous year and weakened customer spending for luxury goods. Operating loss was HKD 115,835,000 compared to HKD 146,715,000 a year ago. Loss before taxation was HKD 120,142,000 compared to HKD 152,036,000 a year ago. Loss for the year from continuing operations was HKD 118,875,000 compared to HKD 150,299,000 a year ago. Loss for the year was HKD 119,193,000 compared to HKD 149,257,000 a year ago. Loss for the year attributable to shareholders of the company continuing operations was HKD 118,854,000 or 14.89 cent per basic and diluted share compared to HKD 150,293,000 or 23.03 cent per basic and diluted share a year ago.

King Fook Holdings Limited Announces Management Changes

King Fook Holdings Limited referred to its announcement dated March 17, 2016 and announced that the resignation of Mr. Yeung Ping Leung, Howard as the Chairman and director of the Company and the appointment of Mr. Yeung Bing Kin Alan as the Chairman of the Company will take effect on 1 July, 2016 instead of 1 October, 2016.

 

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