Plastec Technologies Reports Fiscal 2020 Financial Results

Plastec Technologies, Ltd. (OTCBB: PLTYF) (the “Company”) today reported audited financial results for the fiscal 2020 year ended December 31, 2020. See financial tables at the end of this release in Hong Kong dollars (HKD). All other amounts in this press release are presented in U.S. dollars (USD) with a conversion rate of US$1.0: HK$7.8.

Current Balance Sheet Highlights

• $22.2 million in workingcapital at December 31, 2020, compared to $22.6million at December 31, 2019.
• Book value per share was $1.72 at December 31, 2020, compared to $1.76 at December 31, 2019.

Management Comments

Mr. Kin Sun Sze-To, Chairman of the Company, stated, “Throughout the year, the Company has continued to maintain its public company listing status in order to evaluate potential investments in the future. We have maintained a low expense infrastructure while retaining the financial flexibility to take advantages of any opportunities that may arise.”

Forward Looking Statements

This press release contains “forward-looking statements.” These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.

PLASTEC TECHNOLOGIES, LTD. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)
		Year ended December 31,			Year ended December 31,			Year ended December 31,
		2018			2019			2020
		HK$			HK$			HK$
Revenues		-		Plastec Technologies, Ltd. OTC:PLTYF PLTYF Rankings N/A Ranked by Market Cap N/A Ranked by Dividends PLTYF Latest News Apr 15, 2024 Plastec Technologies Reports Fiscal 2023 Financial Results Sep 1, 2023 Plastec Technologies Reports Fiscal 2023 First Half Results, Provides Update on Its Securities Repurchase Plan Apr 12, 2023 Plastec Technologies Reports Fiscal 2022 Financial Results Aug 8, 2022 Plastec Technologies Reports Fiscal 2022 First Half Results; Announces Extension of Securities Repurchase Plan Apr 22, 2022 Plastec Technologies Reports Fiscal 2021 Financial Results PLTYF Stock Data Market Cap 388.14k Float 1.55M Insiders Ownership 88.04% Industry Other Chemical and Fertilizer Mineral Mining Sector Mining, Quarrying, and Oil and Gas Extraction Website Link Country United States of America City Kwun Tong Explore About Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Links RSS feed Patreon Discord Server Facebook Reddit © 2020-2024 StockTitan.net