Leeport (Holdings) Limited Announces Interim Results for the Six Months Ended 30th June, 2011

Date:2011-08-30lile  Text Size:

Leeport (Holdings) Limited Announces
Interim Results For the Six Months Ended 30th June, 2011

(Hong Kong, 29 August, 2011) Leeport (Holdings) Limited ("Leeport" or the "Group") (Stock Code:387), which is principally engaged in the distribution of advanced manufacturing equipment, measuring instruments and precision tools for manufacturing industry, today announced its interim results for the six months ended 30th June, 2011. The turnover for first six months of 2011 amounted to HK$576,540,000 (2010: HK$431,011,000), representing an increase of 33.8% as compared with same period in 2010. The profit attributable to equity holders was HK$16,428,000, representing an increase of 43.8% as compared with same period in last year. (2010: HK$11,424,000). Interim dividend of HK3.5 cents per share is recommended by directors. (2010: HK3.0 cents per share)

The Group's business in the first half of 2011 was very strong. Most of the Group's business divisions recorded better contract booking results compared with the same period last year. Customers involved in serving the domestic market still showed a strong need to acquire equipment.

The negative impact of the tsunami disaster in March in Japan lasted only a short time. The delivery of goods has returned to normal since June.

The Group's gearing ratio was approximately 12.4% as at 30th June 2011, compared with 18.9% as at 31st December 2010. The Group's gearing ratio was further lower due to more cash on hand.

"The Group's contract bookings in the first half of 2011 were valued at HK$790,000,000 and was 17% higher than in the first half of 2010 (HK$677,074,000). We are confident that the Group's contract bookings in 2011 will be higher than that in 2010.", said Mr. Joseph Lee, Chairman and Managing Director of Leeport. "The Group's business situation is still strong in the middle of the year. The automotive and high-speed train industries may slow down, but the telecommunication equipment, power-supply equipment, electronic products and general machinery industries are still growing fast. We are confident that the energetic China market will continue to support the growth of the Group's business, and that the proper implementation of its long-term strategies will enable the Group to expand quickly and achieve greater success in the near future."

About Leeport (Holdings) Limited (Stock Code:387)

Established in 1967, Leeport is principally engaged in the trading and installation of machine tools, measuring instruments and related products, as well as equipment for the electronics industry. Over the years, Leeport has established long-term relationships with reputable leading global suppliers to provide a wide range of products and services. Leeport is committed to supplying advanced equipment and manufacturing solutions and providing quality customer services.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1