Business
KTMG H1 revenue falls, posts net loss
KTMG H1 revenue falls, posts net loss
About this update from Ktmg Limited
OverviewApparel manufacturer's H1 revenue fell 47.6% yr/yr on lower orders from key marketsGross profit dropped 98.3% and company reported net loss for the half-yearLower production utilization and efficiency contributed to weaker resultsOutlookCompany says global apparel market conditions remain challenging with geopolitical tensions and cautious sentimentKTMG plans to improve capacity utilisation and operational efficiency in response to uncertain market conditionsResult DriversLOWER 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 policiesLOWER UTILISATION AND EFFICIENCY - Co attributed lower gross profit margin to reduced production utilization and operational efficiency at its manufacturing plantsCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateH1 RevenueS$15.91 mlnH1 Net Loss AttributableS$2.93 mlnH1 Pretax LossS$2.91 mlnReuters Recommended ReadsAug 6 - South African clothing factories struggle after migrant workers fleeAug 4 - Mattel swings to Q2 net loss as tariffs, inflation squeeze margins despite higher salesAug 4 - Hugo Boss beats Q2 profit estimates, maintains annual guidanceFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .