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HL Technology Group Ltd Comments On FY 2012 Earnings Guidance

Monday, 4 Feb 2013 09:00am EST 

HL Technology Group Ltd announced that based on a preliminary review of the unaudited management accounts of the Group for fiscal 2012, the Company is expected to record a loss for fiscal 2012 as compared with the net profit recorded for fiscal 2011 mainly attributable to: (i) the operating environment for global 3Cs markets encountered challenges and difficulties in 2012 and the pressure from the challenging operating environment continued to intensify; (ii) gross profit decreases mainly due to the general increase in labor cost and the decrease in average selling price of some of the Group’s products due to lower demands from the Company's major customers and more fierce competition in the global 3Cs industries in 2012; and (iii) the increase in operating expenses, including selling and distribution expenses and research and development expenses, as the Group continues to invest in new products and exploring markets that is expected to gradually begin to have revenue contribution from 2013 onwards. 

Company Quote

-0.02 -1.01%
27 Nov 2014