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Cypress Jade Agricultural Holdings Ltd Comments On FY 2012 Net Profit Guidance


Tuesday, 29 Jan 2013 06:32am EST 

Cypress Jade Agricultural Holdings Ltd announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the Company for fiscal 2012, it is expected that the Company will record a significant increase in net profit for fiscal 2012 as compared with the financial results of the Company for fiscal 2011. Notwithstanding the above, the Company will record a loss from normal operations for fiscal 2012 attributable to (i) the increase in the agricultural raw materials and labour costs; (ii) the price fluctuation of vegetable markets in Hong Kong and the PRC; and (iii) the inclement weather in the second half of the year 2012. 

Company Quote

0.188
-0.011 -5.53%
21 Nov 2014