Eagle Nice (International) (HKG:2368) expects a decline of up to 30% in attributable profit for the year ended March 31 from HK$217.2 million a year prior, according to a Friday filing with the Hong Kong bourse.
The sportswear manufacturer attributed the forecast to a higher cost of sales amid a rise in production costs, a lower gross profit margin, and a significant increase in production and raw material purchase costs.
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