Mainland Headwear, Kingmaker Warn on Results
The Hong Kong-based manufacturers both issued warnings for the period ended June 30, with Mainland’s profits set to decline, and Kingmaker’s revenues below last year’s level. The headwear maker is forecasting H1 net income will be down around 40% or so compared to HK$ 65.1 million ($8.3mm) last year, primarily attributable to expenses for the new factory and warehouse in Mexico, as well as ... Log in to view full article.
