Leoch International Warns of Up to 80% H1 Profit Drop Despite Revenue Growth

MT Newswires Live
18 Jul

Leoch International Technology (HKG:0842) expects its first-half profit attributable to owners to fall by about 60% to 80% year over year, according to a Friday Hong Kong bourse filing.

Revenue is projected to rise between 10% and 20%, the filing said.

The decline was mainly attributed to higher US import tariffs that raised costs for some products already delivered, and delays in the Mexico plant's production start from Q2 to Q4 due to supply chain and construction setbacks.

The interim results are slated for release by Aug. 31.

Shares of the company were down about 1% in recent trade.

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