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Fujikon Industrial Holdings Ltd gives FY 2014 earnings guidance


Monday, 27 Jan 2014 04:57am EST 

Fujikon Industrial Holdings Ltd:Expects the net profit of the group for FY 2014 will show a decrease as compared to that for FY 2013.Due to, mainly, the fluctuating global economy which has affected the consumer electronics industry negatively during the year;.The increase in labour costs as a result of the increase in the minimum wage requirement in the PRC;.certain impairment loss of inventories and property, plant and equipment and additional costs of the Group due to flooding in Zhejiang Province in Oct. 2013 where one of the group’s factories locates; and change in the combination of the group’s products sold.The company reported net income of HK$114 mln in FY 2013.FY 2014 net income of HK$86 mln - Thomson Reuters I/B/E/S. 

Company Quote

1.5
0.03 +2.04%
1:46am EST