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i.century holding ltd (8507) Snapshot

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i.century holding ltd (8507) Details

i.century Holding Limited develops, manufactures, and sells apparel in the United States, France, other European countries, Australia, Canada, Japan, and Internationally. Its products include windbreakers, lined jackets, poly filled jackets, and down filled jackets; woven shirts and blouses; pullovers and sweatshirts; pants, shorts, and board shorts; and T-shirts and tank tops, as well as vests and accessories, including socks and bags. It serves apparel retailers. The company was founded in 2008 and is headquartered in Kowloon, Hong Kong.

33 Employees
Last Reported Date: 06/28/18
Founded in 2008

i.century holding ltd (8507) Top Compensated Officers

Executive Chairman, CEO & Compliance Officer
Total Annual Compensation: $1.3M
Executive Director
Total Annual Compensation: $634.4K
Compensation as of Fiscal Year 2018.
i.century holding ltd
i.century Holding Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2019

The board of directors of i.century Holding Limited announced the shareholders of the company and the potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group, it is expected the Group may record a loss attributable to owners of the company before listing expenses of not less than HKD 7.1 million for the year ended 31 March 2019 as compared with a profit attributable to owners of the company before listing expenses of approximately HKD 14.2 million for the year ended 31 March 2018.

I.Century Holding Limited Reports Earnings Results for the Third Quarter Ended December 31, 2018

i.Century Holding Limited announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced sales was HKD 17.716 million compared to HKD 26.496 million a year ago. Net loss was HKD 4.473 million compared to net income of HKD 2.316 million a year ago. Basic loss per share was HKD 0.011 compared to basic earnings per share of HKD 0.008 a year ago. For the nine months, sales was HKD 95.893 million compared to HKD 96.339 million a year ago. Net loss was HKD 9.598 million compared to net income of HKD 1.166 million a year ago. Basic loss per share was HKD 0.024 compared to basic earnings per share of HKD 0.004 a year ago.

i.century Holding Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Nine Months Ended 31 December 2018

i.century Holding Limited provided preliminary unaudited consolidated earnings guidance for the nine months ended 31 December 2018. For the nine months, the board of directors of the Company announced the shareholders of the Company and potential investors that based on the information currently available to the Company and the preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2018, it is expected although the Group would record an increase in the sales volume by approximately 130,000 pieces for the nine months ended 31 December 2018, the Group would record a slight decrease in the revenue by approximately 0.5% for the nine months ended 31 December 2018 and, there will be a loss attributable to the owners of the Company for the period in 2018 as compared to the profit during the corresponding period in 2017. Such loss is mainly attributable to the decrease in gross profit and gross profit margin of the Group, for the nine months ended 31 December 2018 in particular, which was mainly due to the U.S. customers changed to a conservative procurement attitude due to their raising concern over current status of the trade conflicts between China and the U.S.; and the decrease in average selling price of two major products of the Group, jackets and pullover; and the increase in administrative expenses by approximately HKD 7.5 million which was mainly due to the recurrence of legal and professional fee after the listing and annual salary increment for administrative staff and directors.

 

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