Tungtex Expects Wider Loss in Fiscal Year 2026

MT Newswires Live

06/19

Tungtex (Holdings) (HKG:0518) expects a loss attributable to shareholders of HK$14 million to HK$17 million for the year ended March 31, compared with a loss of about HK$9.9 million in fiscal 2025, according to a Thursday Hong Kong bourse filing.

The company attributed the downbeat forecast to a significant decline in export sales to the North American market amid a deteriorating international trade environment due to new U.S. tariff policies.

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