Summary by Futu AI
Pacifictextiles announced the annual performance for the fiscal year ending March 31, 2024, with a revenue decrease of 7% compared to the same period last year, at approximately HKD 466.52 million. The attributable profit to equity holders of the company was about HKD 167.1 million, a decrease of 37.8% from the previous year, and the basic earnings per share was HKD 0.12. The decrease was mainly due to the increase in net interest expenses, the pre-operating losses of the new factory in Vietnam, and the impairment losses generated by the joint venture company Teejay. The total assets increased slightly to HKD 556.6 million. The Group is mainly engaged in manufacturing and trading of textile products, with production bases in China and Vietnam. The Board of Directors recommended a final dividend of HKD 0.05 per share. The share transfer registration will be suspended from August 12-15 and August 22-26, 2024. The company's shares are listed on the Main Board of the Hong Kong Stock Exchange.