Asia Fashion nets 8.9m yuan Q1 gain

Singapore

ASIA Fashion Holdings, the former synthetic fabric maker now in the materials business, reported net profit to shareholders of 8.9 million yuan (S$1.9 million) from continuing operations for its first quarter ended March 31, 2015. Revenue was 176.9 million yuan.

For its fourth quarter ended Dec 31, 2014, the equivalent net profit was 8.2 million yuan on 3…