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Provider: Wright Reports
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Oriental Watch Holdings Ltd Comments On FY 2013 EBIT Guidance

Thursday, 16 May 2013 06:45am EDT 

Oriental Watch Holdings Ltd announced that for the fiscal 2013, it expects operating profit (EBIT) to be substantially lower than that for the fiscal 2012, mainly as a result of a decrease in turnover and drop in gross profit margin due to the adverse effect of the slow down of Mainland China‚Äôs economy, keen competition and increase in general stock provision. The Company reported EBIT of HKD284.58 million for fiscal 2012. According to I/B/E/S estimates, analysts were expecting the Company to report EBIT of HKD225.06 for fiscal 2013. 

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