March 24, 2020 / 10:13 AM / 7 days ago

BRIEF-WH Group Says Recommended Final Dividend Of HK$0.265 Per Share

March 24 (Reuters) - WH Group Ltd:

* RECOMMENDED PAYMENT OF A FINAL DIVIDEND OF HK$0.265 PER SHARE

* WILL ALSO INCREASE EXPOSURE TO POULTRY BUSINESS FOR RISK MANAGEMENT AND FURTHER VALUE CREATION

* BELIEVE GROWTH MOMENTUM OF PACKAGED MEATS BUSINESS WILL CARRY ON

* IN 2020, SLUGGISH GLOBAL ECONOMIC GROWTH, RISKY GEOPOLITICAL RELATIONS, CONTINUATION OF ASF & COVID-19 TO BRING CO UNPRECEDENTED CHALLENGES

* BELIEVE PORK PRODUCTS ARE CONSUMER STAPLES; IMPACT OF COVID-19 ON GROUP WILL BE MANAGEABLE UNDER CURRENT ASSESSMENT

* HIGHLY CAUTIOUS ABOUT LATEST DEVELOPMENT AND LATER IMPLICATIONS OF CORONAVIRUS EPIDEMIC

* IN RESPECT OF CORE BUSINESS, PACKAGED MEATS, IT HAS BEEN RESILIENT DESPITE STAGES IN INDUSTRIAL CYCLE & MACRO HEADWINDS

* FY PROFIT ATTRIBUTABLE BEFORE BIOLOGICAL FAIR VALUE ADJUSTMENTS $1,378 MILLION VERSUS $1,046 MILLION

* FY REVENUE BEFORE BIOLOGICAL FAIR VALUE ADJUSTMENTS $ 24,103 MILLION VERSUS $22,605 MILLION Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below