Home / Knowledge / News / Textiles / Pacific Textile Holdings posts 24% growth in H1 revenue
Pacific Textile Holdings posts 24% growth in H1 revenue
11
Dec '13
Despite global economic uncertainties, Hong Kong’s Pacific Textiles Holdings Ltd, an investment holding company which engages in the manufacture and trading of textile products, witnessed a robust growth in revenues in the first half of the financial year 2013-14.
 
Consolidated revenue rose by 24 per cent to HK$ 4,087.5 million in the six months ended September 30, 2013 from HK$ 3,294.3 million in the same period a year ago driven by higher production capacity with additional warehouse spaces and an improvement in internal logistics.
 
The robust consolidated revenue growth was buoyed by an impressive rise in sales volume which increased to 101.9 million pounds in the half year ended September 30, 2013 from 82.1 million pounds in the same period last year.
 
Pacific Holdings Limited continues to rely on its top five customers for sales growth as their contribution in total revenue increased to 65.6 per cent in the six months ended September 30, 2013 from 58.6 per cent in the year ago period. 
 
The company’s major markets are the People’s Republic of China, South East Asia, Hong Kong and Sri Lanka.
 
Amidst improved efficiency due to stringent cost control measures, Pacific Holdings Ltd witnessed a jump of 39.4 per cent in consolidated net profit attributable to equity shareholders at HK$ 648.7 million in the six months ended September 30, 2013, year on year.
 
Headquartered in Hong Kong, Pacific Textiles Ltd is a leading manufacturer of customized knitted fabric. The company’s finished fabrics are used in a broad range of garments, including men’s, women’s and children’ clothing, sportswear, swimwear and inner-wear.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search