Tue Nov 19, 2019 03:34
English | 繁體 | 简体
Click here to toggle text size
NNK (03773) anticipates improvement in 1H profitability
12 Jul 2019
(Infocast News) NNK Group (03773) expects a significant decrease in loss, if not a turnaround to profit, for the first six months ended 30 June 2019. The company had a loss of RMB12.9 million for the six months ended 30 June 2018.

Such result was primarily attributable to: (i) the decrease in cost of revenue mainly due to decrease in commission fees charged by PRC banks and other channels for handling mobile top-up service requests via their electronic systems, as a result of reduction of the rates for commission fees charged by certain PRC banks and the group ceasing cooperation with certain third-party channel partners charging higher commission rates; (ii) the decrease in administrative expenses mainly due to a decrease in staff cost and adoption of cost control measures according to the group's continuous optimisation of its operating procedure during the Period; and (iii) decrease in finance costs mainly due to decrease in average bank borrowings.

© Copyright Quamnet. All rights reserved. Republish the contents in whole or in part other than the authorized methods below, Quamnet reserves the right to proceed legal action.
Market Update
A founding member of:
China Tonghai IR:
Sitemap  |  About Us  |  Contact Us  |  Disclaimers     English | 繁體 | 简体  
Tonghai Financial:
China Tonghai International Financial Limited  |  China Tonghai Capital  |  China Tonghai Securities
Oceanwide Financial Management   |  Quamnet
Information of TonghaiIR (Investor Relations):
[Hong Kong Listed Company Information] [Financial News] [Announcement Alerts] [Free Delayed Stock Quote] [Chart]
[Hong Kong stock information]

TonghaiIR (Investor Relations) Services:
[Listed Companies Information] [Listed Companies Financial Information] [Listed Companies Announcements]
[Listed Companies Circulars] [Listed Companies News] [Press Releases] [Listed Companies Event Calendar]
[Listed Companies Presentations] [Proxy Forms]

China Tonghai IR (Investor Relations):
[Securities Firms] [Fund Houses] [Venture Capitals] [Financial Public Relations Agencies] [Financial Printers]
Investor Relations Dictionary:
[Listed Companies Result Announcement] [Financial Report] [Interim Report] [Annual General Meeting]
[Extraordinary General Meeting] [Board Meeting] [Annual Report] [Contact Listed Companies Investor Relations]
[Company Information Sheet] [Next Day Disclosure Return] [News Release] [IPO] [Prospectus] [Stock Quote] [Trading Volume]