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China Foods Ltd (0506.HK)

0506.HK on Hong Kong Stock

3.50HKD
20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

China Foods posts FY profit attributable of HK$499.7 mln
Tuesday, 28 Mar 2017 12:15am EDT 

China Foods Ltd <0506.HK>: Final dividend of HK1.2 cents per share for year . FY revenue HK$27.99 billion versus HK$27.84 billion .FY profit attributable HK$499.7 million versus HK$54.6 million.  Full Article

China Foods sees FY 2016 consol net profit between HK$450 mln and HK$520 mln
Monday, 6 Feb 2017 04:13am EST 

China Foods Ltd <0506.HK> : For year ended 31 dec 2016, group expected to record consolidated net profit attributable to owners of parent between HK$450 million and HK$520 million . Expected result due to owners of parent is mainly driven by one-off income from transaction and disposal of certain assets of winery business . Company made a provision of approximately HK$100 million in its accounts in December 2016 .Provision due to potential payment of compensation to certain distributors of co's confectionery business.  Full Article

China Foods Ltd enters into non-public sale master agreement
Thursday, 17 Nov 2016 05:08pm EST 

China Foods Ltd <0506.HK> : CCBL (a 65%-owned subsidiary of company), Ko and Swire entered into non-public sale master agreement . China foods -pursuant to agreement each target company and Ko will enter into a new bottler agreement . Intends to apply net proceeds from potential disposals primarily for settlement of consideration for acquisitions . Expected unaudited gain to be derived from potential disposals is approximately RMB1.63 billion .Aggregate reserved consideration for sale of public sale interests is approximately RMB2.12 billion.  Full Article

China Foods says Zhou Chenguang has been appointed as CFO
Wednesday, 9 Nov 2016 03:54am EST 

China Foods Ltd <0506.HK>- :Zhou Chenguang has been appointed as an executive director and chief financial officer.  Full Article

China Foods updates on potential disposal of interests in bottling operations<0506.HK>
Tuesday, 23 Aug 2016 04:50am EDT 

China Foods Ltd <0506.HK>: Inside information announcement - potential disposal of interests in certain companies engaging in bottling operations in the prc through public sale . Company is currently considering the potential disposal by way of public sale through the China Beijing equity exchange . Refers to announcement dated 10 February 2016 regarding The Coca-Cola co and Swire Beverages entering into LOI .  Full Article

China Foods reports HY net profit (unadjusted) HK$616.7 mln vs HK$114.0 mln<0506.HK>
Tuesday, 23 Aug 2016 12:07am EDT 

China Foods Ltd <0506.HK>: Announcement of interim results for the six months ended 30 June 2016 . HY profit attributable to the owners of the parent (unadjusted) HK$616.7 million versus HK$114.0 million . HY revenue from continuing operations HK$14.59 billion versus HK$14.88 billion . Economy in China is expected to be still under pressure in the second half of the year" . Increasing competition in the food and beverage industry will continue to bring uncertainty to our business operations" . Overall sales volume and selling prices are still expected to be under pressure in the second half of 2016" . Declared interim dividend of - HK1.2 cents per share . In H2 "it is expected that unit costs will fall compared with the corresponding period in 2015" . Marketing expenses will continue to increase in view of intensifying competition in the beverage market" .Long-term growth is expected for the wine industry".  Full Article

BRIEF-China Foods posts FY profit attributable of HK$499.7 mln

* FY profit attributable HK$499.7 million versus HK$54.6 million Source text for Eikon: Further company coverage: