Pacifica doing it tough

CAR parts maker Pacifica Group says tough conditions in the automotive industry make it hard to predict future profitability although the company expects to make a loss in the second half of its financial year.

CAR parts maker Pacifica Group says tough conditions in the automotive industry make it hard to predict future profitability although the company expects to make a loss in the second half of its financial year.

Pacifica, which is majority-owned by German giant Robert Bosch, reported a net loss of $14.05m for the first half of 2007 – down from a net profit of $15.07m in the prior corresponding period.

Pacifica’s first half result was affected by significant items of $13.4m after tax, including one-off costs associated with the Bosch takeover, of $12.4m.