Author: dewaynehinojosa
Legend Holdings Announces 2020 Annual Results, Revenue and Net Profit up by 7%
According to South China Morning Post’s news, Legend Holdings Corporation (3396.HK) announced annual results of the Company and its subsidiaries for the year ended December 31, 2020. Revenue of the Company recorded RMB416.765 billion, representing an increase of 7% yoy. Meanwhile, net profit recorded RMB3,868 million, also representing an increase of 7% yoy. It was mainly due to the profitability improvement of Lenovo, EAL and Levima as well as the increased return of the financial investment segment. Although the COVID-19 brought many adverse effects on the production and operation of invested enterprises in the first half of the year, Legend ... Read more