USI to bring in profits as Waterfront sales reach $5b

The Waterfront residential joint venture in Kowloon Station has so far generated HK$5 billion in sales.

Friday, 30 June, 2000, 12:00am

USI views clothing downturn

Apparel-maker and property developer USI Holdings is forecasting a slight fall in turnover from its clothes-manufacturing business this year after recording strong growth last year.

Executive director Frederick Ng Tak-wai said after yesterday's annual general meeting the company was facing fierce price competition from Indonesia.

24 Jun 1999 - 12:00am

USI earnings plummet 30pc

Net profit at USI Holdings fell 30.5 per cent to $18 million on turnover of $849.7 million for the six months to June 30. Earnings per share were 3.5 cents, down from five cents in last year's corresponding period. The directors did not recommend an interim dividend.

16 Sep 1998 - 12:00am

USI gains on restructuring

Garment manufacturer and property developer USI Holdings, majority owned by the Cheng family, has posted a 15.3 per cent rise in attributable profit to $21.8 million for the six months to June 30.

The firm said the continuing restructuring of its core apparel manufacturing and distribution business was behind its improved profit margins.

5 Sep 1996 - 12:00am

USI shares to consolidate

USI Holdings is proposing to consolidate every three issued shares of 50 cents into one share which will, after a capital reduction, have a nominal value of 50 cents.

The amount of $322.5 million resulting from the reduction will be credited to the company's contributed surplus account.

Directors said the move would enhance the shares' marketability.

29 May 1996 - 12:00am