Share This

Public company info - Man King Holdings Ltd. , 02193.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Man King Holdings Ltd., 02193.HK - Company Profile
Chairman YC Lo
Share Issued (share) 420,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Infrastructure
Corporate Profile Business Summary: The Group are principally engaged in the provision of civil engineering works. Performance for the year: The Group’s revenue for the year ended 31 March 2021 was approximately HK$276.6 million, representing an increase of approximately 19.4% from approximately HK$231.7 million in the same period of the last financial year. For the year ended 31 March 2021, the Group recorded a net profit of approximately HK$15.7 million, as compared to a net profit of approximately HK$2.9 million for the corresponding period in the last financial year. Business Review: The Group is principally engaged in providing civil engineering services in Hong Kong as main contractor. The engineering works undertaken by the Group are mainly related to (i) roads and drainage (including associated building works and electrical and mechanical works); (ii) site formation (including associated infrastructure works); and (iii) port works (including barging facilities for marine logistics of construction materials). The Group undertakes civil engineering projects in both public and private sectors and, being a main contractor, participates in the procurement of materials, machineries and equipment, selection of subcontractors, carrying out on-site supervision, monitoring work progress and overall co-ordination of day-to-day work of the projects. As at 31 March 2021, the Group had eight projects in progress, and several completed projects yet to receive the final contract sum, with a total estimated outstanding contract sum and work order value of approximately HK$600.8 million. Subsequent to 31 March 2021, the Group has secured one public sector contract with a contract sum of approximately HK$203.8 million. The diversified coal transshipment business of the Group through its 20.3% owned One Belt One Road project in Pakistan continued to bring positive return to the Group. During the year ended 31 March 2021, the Company received cash dividend from this One Belt One Road project totaling US$2.4 million (equivalent to approximately HK$18.9 million). Prospects: In the last interim report, the Group have highlighted the increase in funding for Public Works by the HKSAR Government would benefit the local construction industry. During the financial year and up to the date of this announcement, the Group’s order book has secured fthe Group’s public works contracts (three in last quarter of 2020 and one in second quarter of 2021) with total shared contract sum of approximately HK$606.3 million. In view of the above, the Group requires more internal resources to handle these new projects simultaneously, and the gross profit margin may be varied subject to the different work phases of each project in the coming years. The recent substantial spending of the Government on public works may overheat the market and drive up the cost of materials and labthe Group’s which may affect the Group’s future performance and the industry in which it operates. The Group believe that these uncertainties will continue to impact on the local construction industry in the remaining period of the financial year. The 20.3% owned One Belt One Road project (the “Project”) in Pakistan continues to perform well during its second coal transshipment operation season ending in April 2021 amid the impact of Covid-19. Over 2.61 million tons of coal were transshipped, representing an increase of approximately 15% as compared to the last season of 2.27 million tons. The Group expects a steady increase in coal transshipment volume after the pandemic is under control. The Group has been getting closely involved in the management of the Project to optimise its operation efficiency aiming at diversification and stable income for the Group in the long term. As at 31 March 2021, the Group’s accumulated share of results and reserves attributable to its investment in the Project was approximately HK$21.0 million and cash dividends of totaling US$2.4 million (equivalent to approximately HK$18.9 million) has been distributed, indicating an encouraging dividend payout ratio of approximately 90.0%. The Group continues to recommend cash distribution from the Project as appropriate when profit earning is in line with the Group’s expectation. The safety, health and wellbeing of the Group’s employees and stakeholders remain of paramount importance and the Group continue to work in line with the Government guidance and guidelines in respect of Covid-19. The Group’s 12-month rolling accident incident rate as at 31 March 2021 has achieved its commitment of zero amid the unsatisfactory safety statistic figure in its industry.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.