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YANGTZEKIANG (00294) expects 1H loss increasing
20 Nov 2019
(Infocast News) Yangtzekiang (00294) expects to record a net loss after taxation ranging from HK$15 million to HK$18 million for the six months ended 30 September as compared to a net loss after taxation of HK$1 million for the same period in 2018.

It is mainly attributable to: a drop of sales turnover in garment business caused by unfavourable political and economical adversities; and its joint venture in Wuxi had suffered from the negative impact of the trade war between U.S. and China, which dragged down the turnover and the gross margins.

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