<p>PASHUN INT'L (01565.HK) issued a profit warning, expecting that the profit for the six months ending in February will decrease by no more than 50% compared to the same period last year, while the revenue for the same period last year remained flat. The decrease in profit is mainly due to increased teacher salaries; growth in borrowings leading to higher interest expenses; and increased foreign exchange losses</p>

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<p>PASHUN INT'L issued a profit warning, expecting that for the six months ending in February, profits will decrease by no more than 50% compared to the same period last year, while revenue remained flat year-on-year. The decrease in profit is mainly due to increased teacher salaries; growth in borrowings leading to higher interest expenses; and increased foreign exchange losses</p>

"P&L Warning" PASHUN INT'L expects mid-term net profit to drop by up to 50%