GLG Corp an update to its preliminary profit guidance for the fiscal year ended June 30.
The update revises the company's net loss estimate from a previous range of US$2.8 million ($4.3 million) to US$3.2 million ($4.9 million) to a broader net loss range of US$3.8 million ($5.9 million) to US$4 million ($6.2 million) after tax.
The revised figures stem from a re-evaluation of the group's unaudited accounts and are subject to final audit review and potential adjustments.
GLG Corp supplies around 30 million garments annually to major US and European retailers through its global marketing and manufacturing network.
The company offers a complete service package that includes product design, development, material management, and post-manufacturing logistics.
GLG Corp continues its commitment to providing integrated supply chain management solutions for casual lifestyle knitwear and apparel worldwide.
GLG Corp is an ASX-listed Singapore-based textile and apparel supply chain manager of casual lifestyle knitwear apparel for the US and European retailers.
The company is principally engaged in supplying knitwear, apparel, garments, accessories like fabric facial masks, and supply chain management operations. It operates through two segments: fabric and garments.
The fabric segment is engaged in the manufacture and wholesaling of fabric. The garments segment is engaged in the manufacturing and wholesaling of garments.