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Van Shung Chong Holdings Ltd Comments On FY 2013 Net Profit Guidance


Thursday, 13 Jun 2013 07:15pm EDT 

Van Shung Chong Holdings Ltd announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the Company for fiscal 2013, it is expected that the Company may record a significant increase in net profit for fiscal 2013 (current year) as compared to fiscal 2012. Such expected increase was mainly due to the significant improvement of the financial performance of the Company's core steel business in the current year as a result of its implementation of a margin management model that called for the Company to be more selective of businesses based on economic value added. 

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