KBS Fashion Group Limited Expects Increased Sales and Profits in First-Half 2019
KBS Fashion Group Limited (KBSF)
US:NASDAQ Investor Relations:
ir.kbsfashion.com
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Source: PR Newswire
SHISHI, China, Jan. 22, 2019 /PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, today announced that the Company expects its first half of 2019 to have strong numbers in sales and profits.During the first two weeks of January, the Company signed two garment processing framework contracts with Hangzhou Muxue Garment Co., Ltd., a regional brand clothing company mainly engaging in offline wholesale of women's woolen coats and Hangzhou Jiesong Garment Co., Ltd., which is in the business of selling women's clothing under the brand name of Manzi Yage. These two contracts are valued at RMB 7.8 million and RMB 4 million, respectively. Under the contracts, The company will manufacture a variety of clothing items including approximately 170,000 pieces for Hanzhou Muxue and 90,000 pieces for Hanzhou Jiesong.Mr. Keyan Yan, Chief Executive Officer of the Company commented, "We are very pleased to announce
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