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Public company info - Left Field Printing Group Limited , 01540.HK
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Left Field Printing Group Limited, 01540.HK - Company Profile
Chairman Richard Francis Celarc
Share Issued (share) 499,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Printing, Publishing & Packaging
Corporate Profile Business Summary: The group is a one stop shop printing solutions and services provider based in Australia. Performance for the year: Revenue in 2020 was approximately HK$329.9 million, representing a decline of approximately 18.9% from the previous year (2019: approximately HK$406.7 million). The group’s gross profit decreased by approximately HK$45.3 million, or approximately 48.2%, from approximately HK$93.8 million in 2019 to approximately HK$48.5 million in 2020. Business Review 2020 presented challenging economic conditions for the Group, with domestic economy heavily impacted by the effects of COVID-19 mandated lockdowns and restrictions despite historically low interest rates, tax cuts and government initiated financial assistance. Ongoing COVID-19 related disruptions translated into some periods of depressed sales as well as congested demand in other periods. With businesses operating in read for pleasure, educational and professional as well as government and commercial printing, while the read for pleasure and educational titles were relatively resilient to the impact of COVID-19, professional, government and commercial publishers were much more volatile and vulnerable to the domestic economic and workplace volatility. As a result, the Group’s revenue is down 18.9% to HK$329.9 million compared to the prior year. Direct operating costs decreased by 10.1% to HK$281.4 million and earnings before tax decreased by 11.5% to HK$40.7 million compared to prior year. Prospects: Looking forward to 2021, there is continuing uncertainty on COVID-19’s impact here in Australia in light of ongoing and periodic flair ups of positive cases locally; and concerns around the effectiveness of available vaccines to protect against newer strains of COVID-19 should countries attempt to re-open their borders. For the Group, the group expect there will be ongoing challenges within this macro environment of uncertainty for much of 2021 and will continue to manage the group’s businesses pragmatically to ensure the group continue to deliver to clients the group’s value proposition of speed, quality and service as a leading, sustainable and Australia based print partner.

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