KTMG H1 revenue falls, posts net loss
KTMG H1 revenue falls, posts net loss
Overview
Apparel manufacturer's H1 revenue fell 47.6% yr/yr on lower orders from key markets
Gross profit dropped 98.3% and company reported net loss for the half-year
Lower production utilization and efficiency contributed to weaker results
Outlook
Company says global apparel market conditions remain challenging with geopolitical tensions and cautious sentiment
KTMG plans to improve capacity utilisation and operational efficiency in response to uncertain market conditions
Result Drivers
LOWER APPAREL ORDERS - Co said revenue decline was mainly due to reduced orders from existing customers in the US, EU, Japan, and Canada amid geopolitical tensions and uncertain trade policies
LOWER UTILISATION AND EFFICIENCY - Co attributed lower gross profit margin to reduced production utilization and operational efficiency at its manufacturing plants
Company press release: ID:nSN52TpNr
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$15.91 mln |
|
H1 Net Loss Attributable |
| S$2.93 mln |
|
H1 Pretax Loss |
| S$2.91 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)