Brief: China Weaving Materials Sees Substantial Decrease In Its Consolidated Net Profit For HY
16/06/2023 09:34
June 16 (Reuters) - China Weaving Materials Holdings Ltd
3778.HK :
* CHINA WEAVING MATERIALS SEES SUBSTANTIAL DECREASE IN ITS
CONSOLIDATED NET PROFIT FOR HY
* CHINA WEAVING MATERIALS HOLDINGS LTD - FIVE-MONTH
CONSOLIDATED
REVENUE WAS RMB358 MILLION
* CHINA WEAVING MATERIALS HOLDINGS LTD - FIVE-MONTH
CONSOLIDATED
NET LOSS WAS RMB9 MILLION
* CHINA WEAVING MATERIALS HOLDINGS LTD - DECREASE IN SALES
VOLUME
WAS MAINLY DUE TO POOR MARKET CONDITIONS
* CHINA WEAVING MATERIALS HOLDINGS LTD - DEMAND FOR TEXTILE
AND
APPAREL PRODUCTS IN FIRST FIVE MONTHS OF 2023 HAS BEEN WEAK IN
GENERAL
* CHINA WEAVING MATERIALS HOLDINGS LTD - MARKET CONDITIONS
FOR
TEXTILE INDUSTRY IN PRC HAVE BEEN DIFFICULT IN FIRST FIVE MONTHS
OF 2023
Further company coverage: 3778.HK
((Reuters.Briefs@thomsonreuters.com;))
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