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Wayne Holdings falls 7.32% net profit down 5.4% from a year earlier

Source: Internet
Author: User
Keywords Debt Hong Kong dollar net profit same period
Tags .net company cost financing higher net net profit net profit decline
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00856-HK, who fell 7.32% per cent for half a year, reported HK $1.14, a deal of HK $4.3688 million, and the net profit of the company dropped 5.4% to HK $231.62 million in the same period as the same.　　The company said the net profit decline was mainly due to the doubling of the financing cost to HK $93.1 million. Industry and Commerce East Asia said that the main reason for poor performance is the acquisition of ECS (E18. SG) refinancing of transitional loans and higher interest rates on that loan. This creates a one-off effect on last year's earnings. And said that by the end of March, Wei Holdings held a net debt of HK $900 million, net equity debt rate of 79%, if the credit market again tightened, debt pressure may be a major threat to the company's holdings.

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