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HL Technology Group Ltd Comments On H1 2013 Earnings Guidance

Monday, 22 Jul 2013 05:12am EDT 

HL Technology Group Ltd announced that, based on a preliminary review of the unaudited management accounts of the Group for the first half of 2013 and assessment of the information available, it expects to record a loss for the first half of 2013 as compared with the net profit recorded for first half of 2012. This was mainly attributable to, the continuing challenges and uncertainties in the global economies and the Computer, Consumer electronics and Communication (3Cs) industries which had severely affected the Group’s businesses, especially those in connection with the relatively more traditional products, such as external signal cable assembly, internal signal cable assembly, antennas and connectors which resulted in lower demands from the Group’s customers; and the decrease in gross profit mainly due to the general increase in labor cost and the decrease in average selling price of some of the Group’s products, especially the abovementioned products. 

Company Quote

0.08 +2.20%
29 May 2015