2 stories mentioning HKG:6055Updated 32d ago
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China Tobacco International (HK) (HKG:6055) Chairman Shao Yan resigned on Thursday due to retirement, according to a same-day Hong Kong bourse filing.Following his resignation, executive director Dai Jiahui will assume the duties of chairman on an interim basis.The company said it will appoint a new board chairman within three months.
China Tobacco International (HK) (HKG:6055) expects a 10% to 15% year-over-year decline in attributable profit for the six months ending June 30, according to a Thursday Hong Kong bourse filing.The tobacco company's revenue is also expected to fall between 25% and 30%.The company attributed the forecast to a lower revenue and gross profit in the tobacco leaf product import wing and a lower revenue from the cigarette export segment.
