Company Profile For Kingboard Laminates Holdings Limited

Kingboard Laminates Holdings Limited (1888.HK) (Hong Kong Stock)

sector: Basic Materials · industry: Chemicals - Commodity ·

As of 26 Nov 2009

4.88HKD

Price Change

+0.08

Percent Change

+1.67%

Analyst Recommendations

Overview

Kingboard Laminates Holdings Limited is an investment holding company. The Company principally operates in the People’s Republic of China (PRC) with revenue and profits derived mainly from its operations in the PRC. Its subsidiaries include Chung (Taicang) Insulated Material Co., Ltd., Excel First Investments Limited, Fogang Kingboard Industry Ltd., Guangzhou Chung Shun Century Fibre Glass Co., Ltd., Kingboard Copper Foil Holdings Limited, Kingboard (Fogang) Insulated Material Company Limited, Kingboard Laminates (Jiangmen) Co., Ltd. and Kingboard Laminates (Kunshan) Co., Ltd. The principal activities of the subsidiaries include manufacture and distribution of bleached kraft paper, investment holding, manufacture and distribution of copper foil, manufacture and distribution of glass yarn, manufacture and distribution of laminates, manufacture and distribution of chemicals.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Kingboard Laminates Holdings Limited's revenues decreased 25% to HK$3.96B. Net income decreased 12% to HK$818.3M. Revenues reflect a decrease in revenue from sale of products. Net income was partially offset by a decrease cost of materials, lower distribution costs, a fall in general & administrative costs, a decrease in finance costs and lower income tax expenses.