Brief: Pacific Textiles Sees Profit Attributable Decrease By Around 53.1% To HK$269 Mln For Year

Pacific Textiles Holdings

14/06/2023 11:28

June 14 (Reuters) - Pacific Textiles Holdings Ltd
 1382.HK :
    * SEES  PROFIT ATTRIBUTABLE MAY DECREASE BY AROUND 53.1%,
FROM
HK$573 MILLION TO AROUND HK$269 MILLION FOR YEAR
    * SEES DECREASE IN SALES REVENUE BY APPROXIMATELY 17.3% FOR
YEAR
    * EXPECTED PROFIT DUE TO HIGHER FIXED COST ABSORPTION FROM
LOWER
UTILIZATION OF PRODUCTION FACILITIES IN PANYU PLANT, AMONG
OTHERS


Further company coverage:  1382.HK 

 ((Reuters.Briefs@thomsonreuters.com;))