Goldpac Group Warns of Up to 130% Drop in H1 Profit
Goldpac Group (HKG:3315) expects a 110% to 130% year-over-year decline in attributable profit for the six months ended June 30 from 24 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.The secure payment product provider's shares were down nearly 2% in Thursday afternoon trading.Revenue is expected to fall by 5% to 10% from 458 million yuan in the year-ago period.The company attributed the forecast to intensified market competition and foreign exchange losses.