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| Datum : | 13.05.2014 |
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DGAP-Adhoc: Firstextile AG: Appropriation of Net Income |
| Meldung : | Firstextile AG / Key word(s): Dividend 13.05.2014 14:51 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Firstextile AG: Appropriation of Net Income Frankfurt, 13 May 2014 - The Management Board of Firstextile AG (ISIN DE000A1PG8V8/ WKN A1PG8V) has decided, to propose to the Annual General Meeting on 24 June 2014, to carry forward to new account the net profit of EUR 3,563,175.88 reported in the financial statements of Firstextile AG. Firstextile AG plans to use the existing financial resources for the expansion of the production capacity on a first priority. ISIN: DE000A1PG8V8 WKN: A1PG8V Listed: Regulated market (Prime Standard) on Frankfurt Stock Exchange Firstextile AG, Lyoner Straße 14, 60528 Frankfurt am Main Company profile Firstextile is one of the leading manufacturers of high-end yarn-dyed fabrics in the Chinese market. It also markets fabrics and shirts specifically designed for uniforms used by Chinese government institutions and enterprises, as well as its own branded men's wear for the Chinese premium market segment. The company operates modern production facilities in Jiangyin near Shanghai, China, which is one of the main centres of the Chinese textile industry, and it focuses particularly on high product-quality. Net proceeds from the successful completion of the IPO in November 2012, will primarily be used to double annual production capacity from the current 36 million metres to 72 million metres by the end of 2014. --------------------------------------------------------------------------- Language: English Company: Firstextile AG Lyoner Str. 14 60528 Frankfurt am Main Germany Phone: +49 (0) 69 6655 4416 Fax: +49 (0) 69 6655 4418 E-mail: ir@firstextile.de Internet: www.firstextile.de ISIN: DE000A1PG8V8 WKN: A1PG8V Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of Announcement DGAP News-Service --------------------------------------------------------------------------- |
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