Brief: King's Flair International Sees Decrease In Profit Attributable By About 70% To 75% For Six Months

Kings Flair International (Holdings)

12/08/2022 14:59

Aug 12 (Reuters) - King's Flair International (Holdings) Ltd
 6822.HK :
    * SEES DECREASE IN PROFIT ATTRIBUTABLE BY APPROXIMATELY 70%
TO 75%
FOR SIX MONTHS
    * SEES DECREASE IN REVENUE FOR SIX MONTHS BY ABOUT 25% TO
30%
    * EXPECTED REVENUE DUE TO CONSERVATISM AMONG BRAND OWNERS IN
U.S.
IN PLACING ORDERS, AMONG OTHERS
    * SEES DECREASE IN GROSS PROFIT FOR HY BY APPROXIMATELY 35%
TO 40%
    * EXPECTED DECREASE IN GROSS PROFIT DUE TO CONTINUOUSLY HIGH
RAW
MATERIALS COSTS, AMONG OTHERS


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