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8269 On Other Exchanges
Symbol
Exchange
Hong Kong
As of 3:01 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

wealth glory holdings ltd (8269) Snapshot

Open
$0.25
Previous Close
$0.25
Day High
$0.25
Day Low
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52 Week High
09/24/14 - $0.45
52 Week Low
03/3/14 - $0.22
Market Cap
523.6M
Average Volume 10 Days
3.0M
EPS TTM
$-0.15
Shares Outstanding
2.1B
EX-Date
09/9/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WEALTH GLORY HOLDINGS LTD (8269)

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wealth glory holdings ltd (8269) Details

Wealth Glory Holdings Limited, an investment holding company, manufactures and sells packaged foods. The company offers dried noodles, including bowl noodles and packed noodles; and fresh noodles, such as hefen, wonton noodles, and yi mein. It is also involved in the wholesale of packed foods; and trading of coal, iron ore, and other natural resources, as well as palm oil and other commodities. The company was incorporated in 2010 and is based in Central, Hong Kong. Wealth Glory Holdings Limited operates as a subsidiary of Conrich Investments Limited.

86 Employees
Last Reported Date: 06/27/14
Founded in 2010

wealth glory holdings ltd (8269) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: $674.0K
Chairman, Compliance Officer, Chairman of Exe...
Total Annual Compensation: $2.6M
Compensation as of Fiscal Year 2014.

wealth glory holdings ltd (8269) Key Developments

Wealth Glory Holdings Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Wealth Glory Holdings Limited announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenue of HKD 27,521,000 compared to HKD 113,139,000 a year ago. Loss before taxation was HKD 106,649,000 compared to HKD 27,308,000 a year ago. Loss for the period attributable to owners of the company was HKD 95,622,000 or 4.82 cents per basic and diluted share compared to HKD 25,860,000 or 2.17 cents per basic and diluted share a year ago. For the nine months, the company reported revenue of HKD 272,193,000 compared to HKD 133,091,000 a year ago. Loss before taxation was HKD 156,513,000 compared to HKD 45,290,000 a year ago. Loss for the period attributable to owners of the company was HKD 143,806,000 or 9.06 cents per basic and diluted share compared to HKD 43,842,000 or 4.05 cents per basic and diluted share a year ago. The growth in revenue was driven by the trading of natural resources and commodities which contributed a revenue of HKD 260.6 million in the period under review as compared to HKD 122.0 million of such kind of revenue being recorded in the same period in prior year.

Wealth Glory Holdings Limited Provides Earnings Guidance for the Nine Months Ended December 31, 2014

Wealth Glory Holdings Limited provided earnings guidance for the nine months ended December 31, 2014. The Board of directors announced that the unaudited financial results of the Group for the period are expected to record a significantly higher loss as compared with the corresponding periods ended December 31, 2013, which is mainly attributable to an increase in non-cash amortization of intangible assets amounted to approximately HKD 6.4 million; the non-cash share option expenses of approximately HKD 15.6 million; the increase in finance costs of approximately HKD 11.2 million incurred in relation to bonds and promissory notes; the non-cash estimated impairment loss of approximately HKD 59.8 million in intangible assets in respect of iron ore trading contracts and the non-cash estimated impairment loss of approximately HKD 15.7 million in goodwill in respect of the iron ore trading business of the Group.

Wealth Glory Holdings Limited Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Wealth Glory Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the period, the company's revenue was HKD 29,769,000 compared to HKD 16,755,000 a year ago. Loss before taxation was HKD 29,534,000 compared to HKD 14,087,000 a year ago. Loss for the period was HKD 28,728,000 compared to HKD 14,087,000 a year ago. Loss for the period attributable to owners of the company was HKD 28,674,000 or 2.01 cents per basic and diluted share compared to HKD 14,087,000 or 1.34 cents per basic and diluted share a year ago. For the nine months, the company's revenue was HKD 244,672,000 compared to HKD 19,952,000 a year ago. The growth was driven by the Group's engagement in the trading of natural resources and commodities which contributed HKD 237.1 million of the revenue in this half-year whereas only HKD 13.0 million of such kind of revenue was recorded in the same period in prior year. Loss before taxation was HKD 49,864,000 compared to HKD 17,982,000 a year ago. Loss for the period was HKD 48,252,000 compared to HKD 17,982,000 a year ago. Loss for the period attributable to owners of the company was HKD 48,184,000 or 3.47 cents per basic and diluted share compared to HKD 17,982,000 or 1.75 cents per basic and diluted share a year ago. Net cash flows used in operating activities was HKD 32,496,000 compared to HKD 17,828,000 a year ago. With the exclusion of non-cash amortization of other intangible assets and the reversal of deferred tax, the Group would have recorded a loss for the period of approximately HKD 36.7 million.

 

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