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Last $0.32 HKD
Change Today -0.015 / -4.48%
Volume 1.5M
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

longrun tea group co ltd (2898) Snapshot

Open
$0.31
Previous Close
$0.34
Day High
$0.32
Day Low
$0.31
52 Week High
06/8/15 - $0.50
52 Week Low
07/8/15 - $0.25
Market Cap
463.8M
Average Volume 10 Days
1.6M
EPS TTM
$-0.14
Shares Outstanding
1.4B
EX-Date
12/20/04
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LONGRUN TEA GROUP CO LTD (2898)

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longrun tea group co ltd (2898) Details

Longrun Tea Group Company Limited, an investment holding company, engages in the production, trading, and distribution of tea and other food products in the People’s Republic of China and rest of Asia. It provides Pu’er tea, black tea, dark tea, and green tea products with 300 varieties; and traditional and convenient tea products, such as tea cakes, loose tea leaves, tea gift sets, teacups, instant tea essence, tea bags, etc. As of March 31, 2015, the company operated a network of approximately 506 self-owned and franchised tea shops primarily in the People’s Republic of China. It also operates four mega retail outlets in Kunming, Yunnan Province. The company also develops, manufactures, and distributes pharmaceutical products. In addition, the company is involved in property holding activities; provision of management and technical services; and operation of a clubhouse. Longrun Tea Group Company Limited is headquartered in Tsuen Wan, Hong Kong.

784 Employees
Last Reported Date: 07/9/15

longrun tea group co ltd (2898) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Chair...
Total Annual Compensation: $2.0M
Founder, Executive Chairman, Chairman of Nomi...
Total Annual Compensation: $2.3M
Executive Director and Member of Executive Co...
Total Annual Compensation: $607.0K
Executive Director and Member of Executive Co...
Total Annual Compensation: $248.0K
Compensation as of Fiscal Year 2015.

longrun tea group co ltd (2898) Key Developments

Longrun Tea Group Company Limited Announces Consolidated Audited Cash Flow Results for the Year Ended March 31, 2015

Longrun Tea Group Company Limited announced consolidated audited cash flow results for the year ended March 31, 2015. For the year, the company reported net cash flows used in operating activities of HKD 38,839,000 against HKD 7,076,000 a year ago. Purchases of items of property, plant and equipment was HKD 8,710,000 against HKD 11,747,000 a year ago.

Longrun Tea Group Company Limited Announces Consolidated Final Earnings Results for the Year Ended March 31, 2015

Longrun Tea Group Company Limited announced consolidated final earnings results for the year ended March 31, 2015. For the year, the company's revenue was HKD 256.4 million compared with HKD 286.5 million a year ago. Loss before tax was HKD 207.4 million compared with profit of HKD 15.1 million a year ago. Loss attributable to owners of the company was HKD 203.9 million or 14.07 HKD cents per basic and diluted share compared with profit of HKD 14.9 million or 1.03 HKD cents per basic and diluted share a year ago. The loss for the year as compared to the profit for the prior year was mainly due to the absence of the one-off income arising from the disposal of the Group’s property in July 2013, of which the Group recorded a gain before tax and expenses of approximately HKD 69.61 million for the year ended 31 March 2014; and the impairment of goodwill, intangible assets and property, plant and equipment of approximately HKD 175,466,000 for the year ended 31 March 2015. Capital expenditure was HKD 8.7 million compared with HKD 11.7 million a year ago.

Longrun Tea Group Company Limited, Annual General Meeting, Aug 18, 2015

Longrun Tea Group Company Limited, Annual General Meeting, Aug 18, 2015., at 11:00 China Standard Time. Location: Unit 2201, 22/F, Bank of America Tower, 12 Harcourt Road. Agenda: To consider and receive the audited consolidated financial statements of the company and the reports of the directors and auditors for the year ended 31 March 2015; to re-elect Ms. Yeh Shu Ping as an executive director of the company; to re-elect Mr. Kwok Hok Lun as an independent non-executive director of the company; to re-elect Dr. Liu Zhonghua as an independent non-executive director of the company; to authorize the board of directors of the company to fix the respective directors' remuneration; to re-appoint Ernst & Young as auditors of the company and to authorize the board of directors of the company to fix the auditors' remuneration; to give a general mandate to the directors of the company to purchase the company's shares not give a general mandate to the directors of the company to purchase the company's shares not resolution; and to consider and approve other business.

 

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Valuation 2898 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.8x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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