Hung Fook Tong Group Holdings Limited, the retailer of Chinese herbal drinks, soups and tortoise herbal jelly in Hong Kong, achieved encouraging operational business growth in its first set of interim results for the six months ended 30 June 2014 since listing on the Main Board of The Stock Exchange of Hong Kong Limited.
The Group’s total revenue increased by 24.4% to approximately HKD364.9 million compared to the corresponding period in 2013. Gross profit was up 25.3%, reaching HK$220.6 million, while gross profit margin rose to 60.5%. Due to effective operation management and increasing benefits derived from greater economies of scale, net profit rose by 27.7% to HK$21.2 million, and basic earnings per share amounted to HK4.47 cents, as opposed to HK3.51 cents for the same period last year. Net profit amounted to HK$4.4 million.
Mr. Tse Po Tat, Chairman of Hung Fook Tong, said, “Despite dampened consumption sentiment, the Group managed to achieve solid business growth across two major business segments. The year 2014 is an especially significant year for Hung Fook Tong. The recently completed listing in Hong Kong, coupled with our proven business model, wholesome corporate culture, quality products and services, and strong development potential, will propel our business to new heights of success, particularly in mainland China, in the future.”
Fist of Power, sponsored by The Venetian Macao, and promoted by Top Rank, SECA and G Sport, delivered seven bouts Tuesday at the Mercedes-Benz Arena in Shanghai.
In the main event, unbeaten Chinese fighter Ik Yang defeated Sukkasem Kietyongyuth of Thailand, taking the vacant WBO Asia Pacific lightweight title with a KO in round 8. The co-main saw Randy Petalcorin of General Santos, Philippines, defeat Walter Tello of Puerto Armuelles, Panama, by TKO in round 7, earning him the WBA interim light flyweight title.
Companhia de Electricidade de Macau (CEM) recently joined hands with the Macau Fire Services Bureau to conduct a fire drill at the main substation in the University of Macau on Hengqin Island. The fire drill aimed to reinforce the two parties’ emergency responsiveness and coordination in case of accidents. The entire process went smoothly and responsively.
The drill simulated a scenario where smoke emitted from an 11kV switchboard in the main University of Macau substation and activated the smoke detection system. In accordance with the emergency procedures, the CEM dispatch center immediately sent an emergency team to investigate the situation on site. CEM frontline staff together with the fire brigade took necessary emergency measures to resolve the problem. After inspection and isolation of the power of the high-voltage switchboard, it was identified that the incident was due to an earth fault in the high-voltage cable in a cabinet. The situation was resloved and the fire drill was successfully concluded.