Starlite Holdings Limited Provides Earnings Guidance for the Six Months Ended September 30, 2020
November 22, 2020 at 11:01 pm
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Starlite Holdings Limited provided earnings guidance for the six months ended September 30, 2020. For the period, the Group is expected to record a consolidated loss attributable to owners of the Company of approximately HKD 70 million for the six months ended 30th September, 2020 as compared to a profit attributable to owners of the Company of approximately HKD 16 million recorded for the previous corresponding financial period. According to the segmental analysis of the Group, the operating results of southern China operation recorded a profit after tax of approximately HKD 34 million (2019: HKD 16.9 million) for the six months ended 30th September, 2020 if the additional provision for the cost of the relocation and restructuring plan of approximately HKD 90 million was excluded. Despite the drop in revenue during the period, the improvement in the performance of southern China operations was mainly attributable to tightened control on material cost and labour cost.
Starlite Holdings Limited is a Hong Kong-based investment holding company principally engaged in printing and packaging material businesses. The Company is mainly engaged in printing, as well as the manufacture of packaging materials, labels and paper products, including environmentally friendly paper products, childrenâs books and greeting cards, among others. The Company operates through three geographical segments, including Southern China segment, Eastern China segment and South East Asia segment. It operates businesses in Suzhou, Shanghai, Guangzhou, Shenzhen, Hong Kong, Tokyo, Melbourne, Singapore, Malaysia, London, Paris and New York, among others.
STARLITE HOLDINGS LIMITED 
