Asia
Pacific Textiles Warns of Lower Fiscal-Year Profit
Pacific Textiles (HKG:1382) expects an attributable profit of between HK$80 million and HK$86 million for the year ended March 31, down from HK$167.6 million a year prior, according to a Tuesday Hong Kong bourse filing.The textile company attributed the forecast to a swing to first fiscal quarter loss amid US trade tariffs, a lower share of profit of associate Teejay Lanka, and a swing to an exchange loss.
HKG:1382
