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Shougang Century Announces Positive Profit Alert Expecting Profit After Tax to Increase at least 20% in 2020 HONG KONG, Feb 09, 2021 - (ACN Newswire) - Shougang Concord Century Holdings Limited ( Shougang Century , together with its subsidiaries, the Group ; stock code: 0103.HK) is pleased to announce that, based on its preliminary assessment of the unaudited consolidated financial statements of the Group for the year ended 31 December 2020, the Group expects a profit after tax of not less than HK$130 million, at least 20% more than that of HK$108 million for the previous year. Such increase was primarily attributable to the improvement of gross profit margin arisen from the decrease in production costs and the reduction in finance costs.

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