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Da Ming International Holdings Ltd Comments On H1 2013 Earnings Guidance

Monday, 22 Jul 2013 11:00am EDT 

Da Ming International Holdings Ltd announced that for the first half of 2013, it expected to record an unaudited profit as compared to an unaudited loss for the first half of 2012. Despite the continual decline in the market price of stainless steel materials during the period, the improvement in the overall results of the Group for the first half of 2013, as compared to the same period of 2012, was principally due to: Increase in both sales volume and processing volume resulting in an increase in operating revenue; Enhancement in management control to improve efficiency and to reduce operating cost; and Higher demand in the deep processing services provided by the Group. 

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