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2003-9-15 10:19:00 a.m. HKT, XFNA
STOCK ALERT - HK's Tem Fat higher after returning to FY profit
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HONG KONG (AFX-ASIA) - Tem Fat Hing Fung (Holdings) Ltd was higher in
early trade after announcing that it swung into the black with an audited net
profit of 681.12 mln hkd for fiscal year to April 2003 from a loss of 179.70
mln the previous year.
The company attributed the return to profitability to gains from its debt
restructuring exercise and deconsolidation and sale of subsidiaries.
Tem fat was up 0.04 hkd, or 10.26 pct, at 0.43 on volume of 490,000
shares.
(1 usd = 7.8 hkd)
leefun.chew@afxasia.com
clf/ds
AFN |
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