Pacific Millennium Packaging to Swing to 2024 Loss

MT Newswires Live

2025/03/06

Pacific Millennium Packaging Group (HKG:1820) expects a net loss of up to 20 million yuan for 2024, compared with a net profit of HK$22 million in 2023, according to a Thursday filing with the Hong Kong Exchange.

The packaging supplier attributed the forecast mainly to a decline in product unit price and higher operating costs from its new production plants in Huzhou and Wuhan.

Price (HKD): $4.92, Change: $-0.080, Percent Change: -1.60%

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