Pacific Textiles Holdings Limited provided preliminary unaudited consolidated earnings guidance for the six months ended 30 September 2022. For the six months, the company expects the profit attributable to equity holders of the Company may decrease by around 28.6%, from HKD 348 million for the six months ended 30 September 2021 to around HKD 248 million for the six months ended 30 September 2022. The downturn was caused by many factors, inter alia, mainly due to the decrease in sales volume and sales revenue by approximately 22.3% and approximately 12.7% respectively; higher fixed cost absorption arising from lower utilization of production facilities; and continuous increase in production costs, such as raw material and fuel during the Reporting Period.