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.