June 10, 2020 / 1:38 PM / a month ago

BRIEF-Top Form International Posts Q3 Sales Of Hk$342 Million, 4% Higher

June 10 (Reuters) - Top Form International Ltd:

* Q3 SALES OF HK$342 MILLION, 4% HIGHER

* DIRECTORS HAVE AGREED TO WAIVE DIRECTORS’ FEE FOR FISCAL 2021

* GROUP IS EXPECTED TO INCUR A LOSS IN FISCAL 2020

* Q4 RESULTS EXPECTED TO BE SIGNIFICANTLY IMPACTED BY COVID-19 LOCKDOWNS

* Q3 GROSS PROFIT MARGIN LOWER VERSUS PREVIOUS QUARTER & PCP DUE TO OUTBREAK OF COVID-19 IN CHINA

* GROUP IS EXPECTED TO INCUR A LOSS IN FISCAL 2020

* DIRECTORS AGREED TO WAIVE DIRECTORS’ FEE FOR FISCAL 2021

* DURING QUARTER, GROUP MAINTAINS HEALTHY CAPITAL STRUCTURE WITH A GEARING RATIO OF 19% Source text for Eikon: Further company coverage:

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