
"Profit Warning" PM PACKAGING estimates mid-term losses not exceeding 25 million RMB
Jifeng Packaging (01820.HK) issued a profit warning, expecting a loss of no more than 25 million RMB for the six months ending in June, compared to a loss of 15.3 million RMB in the same period last year. The increase in loss is mainly due to a decline in product prices and increased operating costs from new production facilities located in Huzhou and Wuhan

