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Eyang Holdings (Group) Co Ltd Comments On H1 2012 Earnings Guidance

Thursday, 2 Aug 2012 05:28am EDT 

Eyang Holdings (Group) Co Ltd announced that for the first half of 2012, it expects the interim results of the group to record a loss. This is mainly attributable to the continuous increase in production costs and downward pressure on the selling prices of MLCC products as a result of the international counterparts’ aggressive competition strategies, causing a drastic drop in gross profit and the falling selling prices result in a considerable provision for the inventory. 

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