Mainland Headwear Holdings Limited (Group), which manufactures headwear for New Era, Dickies, Oakley, and other large brands, reports, based on a preliminary assessment of ithe Group’s latest unaudited consolidated management accounts and the information currently available to the company’s Board of Directors, the consolidated profit attributable to owners of the company for the unaudited interim results for the six months ended June 30 to be not less than HK$58,000,000, compared to about HK$35,269,000 for the six months ended June 30, 2024.
Mainland Headwear reports in Hong Kong dollar (HK$) currency.
The company said the increase in the net profit is mainly due to an increase in sales and profit of the Group’s Manufacturing business segment, particularly the manufacturing business in Bangladesh as a result of (i) having more orders shifted away from countries subject to higher U.S. tariffs to Bangladesh, (ii) increasing in efficiency and (iii) better cost control.
Notwithstanding the above, the company said the increase in the 2025 Unaudited Interim Results is expected to be partially offset by the underperformance of the Group’s Trading business segment.
The company stated that the information contained in the notice to investors is a preliminary assessment by the company’s management, based on the unaudited consolidated management accounts of the Group and the information currently available.
The Board expects the announcement of the 2025 Unaudited Interim Results to be published in late August 2025.
Image courtesy Mainland Headwear
