|Bid||2.3700 x 800|
|Ask||2.3900 x 1100|
|Day's Range||2.2900 - 2.5465|
|52 Week Range||0.9500 - 4.4500|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, today announced its unaudited financial results for the second quarter and first half of fiscal year 2020 ended June 30, 2020.
KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, announced today that its wholly-owned subsidiary Anhui Kai Xin Apparel Company Limited ("Kai Xin") is partnering with three face mask manufacturers in China to distribute non-medical disposable face masks amid the rapidly evolving COVID-19 pandemic. Anhui Yikang Medical Technology Co., Ltd., Taihu Fubeikang Sanitary Material Co., Ltd., and Taihu Mingya Labor Insurance Technology Co., Ltd. are mainly engaged in the production of non-medical disposable face masks with a total daily production capacity of approximately 3 million pieces. According to the partnership arrangement, these three companies will use Kai Xin's excess production facilities to manufacture face masks, while Kai Xin will take advantage of its expansive distribution channels to promote sales of products. We started generating additional revenue from renting out facilities for mask manufacturing at the beginning of March.