Texwinca Holdings Limited (00321) said it is expected that consolidated profit attributable to ordinary equity holders of the company for the year ended 31 March 2020 may drop by around 40% to 60% as compared with the corresponding period in 2019.
Owing to the outbreak of the coronavirus disease 2019 in mainland China, the retail and the textile production operation of the group were temporarily affected by the various emergency measures implemented by the Chinese government to contain the spread of the coronavirus.
Also, the global outbreak of the coronavirus reduced the worldwide market demand for textile products and delayed the shipment to customers in the United States and other Asian countries.
25/05/2020 16:52
Texwinca Holdings (00321) sees 40-60% decrease in year net
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