Press Release

09 Jul, 2015
Expects Profit for the Interim Results 2015 No Less Than 2 Times of Last Year (Hong Kong, 9 July 2015) Hang Fat Ginseng Holdings Company Limited (Hang Fat Ginseng, together with its subsidiaries, the Group, Stock Code: 911), the world largest first-level American ginseng wholesaler, is pleased to announce today that,

(Hong Kong, 9 July 2015) Hang Fat Ginseng Holdings Company Limited (“Hang Fat Ginseng”, together with its subsidiaries, the “Group”, Stock Code: 911), the world largest first-level American ginseng wholesaler, is pleased to announce today that, the Group expects to record a significant increase in profits for the six months ended 30 June 2015, which is currently expected to be not less than 2 times of the profits of the corresponding period in 2014. The increase was mainly contributed by the positive results incurred in June from the diversification of products sold.

Mr. Yeung Wing Yan, Chairman and Chief Executive Officer of Hang Fat Ginseng, said, “The Group expects satisfactory interim results with positive increment in 2015, which could gain public recognition of our successful strategy in business expansion to the retail sector. With the steady growth of the dietary supplements market, Hang Fat Ginseng will continue to achieve its strategic target of product and profit diversification through the incorporation of American ginseng into health supplements and food products, for instance, Japanese sake and supplements, setting to capture the upside opportunity of the market.”

 
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