Company Profile For Lung Kee (Bermuda) Holdings Limited

Lung Kee (Bermuda) Holdings Limited (0255.HK) (Hong Kong Stock)

sector: Basic Materials · industry: Steel ·

As of 27 Nov 2009

3.91HKD

Price Change

-0.09

Percent Change

-2.25%

Analyst Recommendations

Overview

Lung Kee (Bermuda) Holdings Limited is as an investment holding company that provides corporate management services. The Company’s subsidiaries are principally engaged in the manufacturing and marketing of mould bases, metal and parts. The Company operates through two business divisions: mould bases and metal and parts. In the mould bases division the Company is engaged in the manufacturing and marketing of mould bases. In the metal and parts division it is engaged in the manufacturing and marketing of metal and parts. The Company’s wholly owned subsidiaries include Heyuan Lung Kee Metal Products Co., Ltd., LKM Heatlock Company Limited, Lung Kee International Limited, Lung Kee Metal Japan Company Limited, Lung Kee Metal (Malaysia) Sdn. Bhd., Lung Kee Metal Limited and Lung Kee Steel Products (Guangzhou Free Trade Zone) Co., Ltd.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Lung Kee (Bermuda) Holdings Limited's turnover decreased 34% to HK$1.03B. Net income decreased 42% to HK$102.8M. Revenue reflects a decrease in sales from operations. Net income was partially offset by an increase in depreciation expense, lower gross profit margins, a decrease in interest income, the presence of loss on disposal of property vs. a gain and a fall in operating margins.