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
Current Balance Sheet Highlights
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$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) |
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Year ended December 31, |
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Year ended December 31, |
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2020 |
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Revenues |
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Plastec Technologies Ltd
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