Pacific Textiles Reports Declining Annual Profits

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

Pacific Textiles Holdings has reported a decline in their annual profits from HK$273,649,000 in 2023 to HK$172,458,000 for the financial year ended March 31, 2024. Despite a reduction in revenue and an increase in finance costs, the company managed to achieve a gross profit of HK$423,592,000. Earnings per share for equity holders decreased from HK$0.19 to HK$0.12.

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