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Hing Lee (Hk) Holdings Ltd Comments On FY 2012 Earnings Guidance
Hing Lee (Hk) Holdings Ltd announced that the Group for fiscal 2012 are expected to record a loss as compared to the profit recorded for fiscal 2011. Such expected loss was primarily attributed to the decrease in gross profit margins of the products of the Group; the increase in operating cost during the period; and the drop in sales revenue.
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