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Shenzhen Techo Telecom Ltd Announces FY 2013 Q1 to Q3 Net Profit Outlook

Monday, 26 Aug 2013 12:00pm EDT 

Shenzhen Techo Telecom Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2013 to be ( RMB - 7.5 million ~ RMB -6.5 million), compared to the net profit of the same period in FY 2012 (RMB -6,209,800). The Company cited the low gross margin profit, interest for obligations and operation costs as the main reasons for the forecast.