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What is Best Pacific 2017 Annual Results Summary about?

Best Pacific announced its 2017 annual results with revenue increasing 13.2% to HK$2.79 billion driven by expanding into new sportswear and apparel materials segments. Gross profit decreased 6.7% to HK$772.7 million and gross profit margin declined 5.9 percentage points to 27.6% due to changes in product mix and rising raw material prices. Net profit decreased 33.5% to HK$303.6 million with net profit margin down 7.6 percentage points to 10.9% reflecting lower gross profit. Earnings per share declined 33.6%

Author

theredcorner

Language

EN