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Walcom Group Ltd Ord HKD0.01 (WALG)

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04-Jun-2019 01:12 PM

Walcom sees substantially lower revenue amid swine flu outbreak in China

Animal feed supplier Walcom Group said it expected its revenue in the first half to be substantially lower on-year due to an outbreak of swine flu in China. The company said that it had not lost any major customers, with the decline in sales directly rel
07-May-2019 01:24 PM

Walcom losses deepen; warns of challenging year ahead

Livestock feed supplier Walcom Group posted a deeper annual loss, pinned on a slowing Chinese economy, higher manufacturing costs and an outbreak of swine flu. Pre-tax losses for the year through December amounted to HK$8.6m, compared to losses of HK$4.9
21-Nov-2018 01:48 PM

Walcom warns of deeper loss, funding shortage as swine fever hits

Livestock feed supplier Walcom warned it would post a deeper annual loss and could struggle to stay afloat, as a swine fever epidemic in China hurt sales and a key customer defaulted on its payments. The company said it had commenced legal action against
13-Nov-2017 01:34 PM

Walcom expects FY loss

Walcom confirmed that it has continued to experience challenging trading conditions in PRC during the second half of the financial year. It now expects revenue for the full financial year to be materially less than 2016 and as a consequence the Company e
04-May-2017 09:35 AM

Walcom Group lifts FY profit, sees challenging 2017

Walcom Group has posted a FY profit of HK$1.4m, from a year-earlier profit of HK$479,000. The company's turnover was HK$46.5m, from HK$44.2m. "The board believes 2017 will be another challenging year for the company," said chairman Frankie
22-Mar-2017 03:02 PM

Walcom changes registered address

Walcom Group has announced that its registered office has changed to Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. At 3:02pm: (LON:WALG) Walcom Group Ltd share price was 0p at 1.25p Story pro
08-May-2015 01:48 PM

Walcom pre-tax profits fall

Walcom Group posts a pre-tax profit of HK$877,092 for the year to the end of December - down from HK$2.5m last time Turnover fell by 10% to HK$43.6m and operating profits were 66% lower at HK$860,000. Chairman Frankie Y. L. Wong said: "Although the
03-Mar-2015 12:21 PM

New chairman appointed at Walcom Group

Walcom Group has appointed Frankie Wong as non-executive chairman. He will succeed Eddie Chan at the beginning of April. Mr Wong has been on the Board since 2003 and is currently an adviser to the chairman of the Shui On Group and an executive director
02-Feb-2015 11:46 AM

Walcom chairman resigns

Walcom has announced that the Board has accepted the resignation of Eddie Chan as Non-Executive Chairman. Mr Chan will stand down from the Board of Directors with effect from 1 April 2015 to focus on his other business commitments. The Company stated th
24-Sep-2014 10:31 AM

Walcom Group half year revenues down by 22%

Walcom Group has reported that in the six months to June 30 2014 its revenues were 22% lower than in the same period last year. It says that continuing the downturn in the Chinese pig farming industry from late last year, the company experienced an unusu
08-May-2014 10:37 AM

Lower profits at Walcom Group

Walcom Group has reported that for the year ended 31 December 2013 net profit for the year decreased by 49%. It said that although the global economy began to show signs of improvement during 2013, the slow growth in the PRC market continued to affect t
24-Sep-2013 04:28 PM

Walcom net losses up 225%

Walcom Group's first half net losses rose by 225% to HK$1.7m in the six months to the end of June. The company generated revenues during the period of HK$21.5m (June 2012: HK$20.0m) and gross profits of HK$13.5m (June 2012: HK$12.7m), representing i
09-May-2013 01:55 PM

Walcom operating profits fall

Walcom Group's operating profits fell by 6% to HK$3.7m in the year to the end of December despite a 7% rise in turnover to HK$47.2m. Earnings before interest, tax, depreciation and amortisation fell 11% to HK$6.4m and profit for the year was 15% dow
20-Sep-2012 01:49 PM

Walcom revenues up 12%

Walcom Group's revenues and gross profits rose by 12% to HK$20.0m and 17% to HK$12.7m respectively in the six months to the end of June. China and overseas sales increased by 4% to HK$14.6m and 42% to HK$5.4m respectively. Chairman Eddie Chan
05-Mar-2012 10:04 AM

Yang joins Walcom Group board

Walcom Group has appointed Professor Hong Xun Yang as an executive director of the Company with immediate effect. Professor Yang joined the Company as the chief technical officer in May 2007 and was also appointed as chief operating officer for the PRC r
19-Sep-2011 07:32 AM

Walcom boosted by overseas sales

Walcom Group has announced results for the six months ended 30 June 2011 showing loss per share reduced by 29 per cent. to HK$1.89 cents. Revenue and gross profit rose by 37 per cent. to HK$17.9 million and 46 per cent to HK$10.9 million respectively
04-Nov-2009 01:49 PM

Walcom launches compound feed solution

Walcom has launched its 'Alpha-Project' - a cost-optimised solution for compound feed. The project - which was launched recently at VIV China 2009 in Beijing - is the culmination of six years of research by the company. Technical director Professor Yan...
 
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