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Article: Hong Kong's Winsor: profit of 27 per cent last year.
- Article from:
- Daily News Record
- Article date:
- August 5, 1986
- Author:
CopyrightCOPYRIGHT 1986 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hong Kong's Winsor: Profit Off 27 Per Cent Last Year HONG KONG (FNS) -- Weaker sales, tighter margins and a $3 million workers' fund dragged Winsor Industrial Corp. profit down 27 per cent to $21.63 million for the year ended March 31. Listed as Hong Kong's largest apparel and textile firm, Winsor also reported lower sales in its two main markets--Hong Kong and the United States. Winsor's turnover declined 13 per cent to $243.59 million. Earnings a share dropped to 11.28 cents from 15.64 cents a year ago.
T.K. Ann, Winsor chairman, said direct exports fell only 1.9 per cent, but sales to local garment makers declined 22 per cent, reflecting Hong Kong's sluggish ...