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Provider: Wright Reports
Provider: Sadif Analytics Prime

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Chiho Tiande Group Ltd Comments On H1 2013 Earnings Guidance

Thursday, 11 Jul 2013 06:38am EDT 

Chiho Tiande Group Ltd announced that the Group expects to record a net loss for the first half of 2013. The net loss is attributable to the market volatility and decrease in commodity prices in the first half of 2013; the decrease in the gross margin of the Group; an inventory provision and loss on fair value changes of derivative financial instruments that the Group is required to make under the 'mark-to-market' accounting principle; and the increase in administrative, distribution and selling expenses and the interest expenses relating to the issuance of the convertible bonds of the Company. 

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3:59am EDT