Pacific Textiles Forecasts Lesser Profit Decline

Pacific Textiles Holdings (HK:1382) has released an update.

Pacific Textiles Holdings has issued a supplemental announcement to its previous profit warning, indicating a smaller than expected decrease in profit attributable to equity holders for the year ended 31 March 2024. The updated figures suggest a 37.8% drop to around HK$167.1 million, which is an improvement from the previously forecasted 60.6% decrease. Shareholders and potential investors are advised to exercise caution as the company finalizes its annual results, which will be announced on 27 June 2024.

For further insights into HK:1382 stock, check out TipRanks’ Stock Analysis page.