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Hong Kong : High Fashion Swings To FY Loss

2003-4-17 8:38:00
The world's largest spun silk knit supplier, High Fashion International Ltd, on Monday revealed it swung to a loss in 2002 amid increased competition and weak consumer spending on apparel.

The company posted a loss of HK$23 million ($2.9m) for the 15 months to December 31 versus a profit of HK$44m ($5.6m) in the previous 12 months.

 
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