high fashion international (608) Snapshot

High Fashion International Ltd. reported consolidated cash flow results for the year ended December 31, 2012. For the period, the company has posted net cash from operating activities of HKD 184,073,000 against HKD 179,821,000 a year ago. Purchases of property, plant and equipment and prepaid lease payments was HKD 57,936,000 against HKD 150,497,000 a year ago.

High Fashion International Ltd. recommended final dividend of 15 cents per ordinary share for the year ended 31 December 2012 at the AGM to be held on 28 May 2013. Subject to the shareholders' approval, the final dividend will be payable on or about 20 June 2013 to shareholders whose names appear on the Register of Members on 5 June 2013. The company announced audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of HKD 2,563.116 million, compared to HKD 2,784.166 million for the last year. Profit before taxation was HKD 205.559 million, compared to HKD 240.572 million for the last year. Profit for the year attributable to owners of the company was HKD 170.116 million or HKD 0.57 per basic share, compared to HKD 253.825 million or HKD 0.84 per basic share for the last year. Net asset value per share increased from HKD 7.1 to HKD 7.7. The group has purchased the plant and equipment and the leasehold improvement and construction in progress of around HKD 52 million in order to upgrade its manufacturing capabilities during the year. Except for the above, there was no material capital expenditure during the year.

High Fashion International Ltd., Annual General Meeting, May 28, 2013., at 10:30 China Standard Time. Location: 10th Floor, High Fashion Centre. Agenda: To propose a final dividend of 15 cents per ordinary share; to adopt the audited financial statements together with the reports of the directors and the independent auditor for the year ended 31 December 2012; to re-elect directors; to re-appoint Messrs. Deloitte Touche Tohmatsu as auditor; to allot and issue or grant shares in the capital of the company; and to repurchase shares in the capital of the company.