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Mainland Headwear Holdings Ltd Comments On H1 2013 Profit Guidance


Tuesday, 2 Jul 2013 06:05am EDT 

Mainland Headwear Holdings Ltd announced that, the Group expects to record a decline in performance for the unaudited interim results of the Group for first half of 2013 as compared to a profit for first half of 2012. The decline in performance is primarily attributable to the increasing production cost of manufacturing businesses in the PRC which is related to the rapid rise in labour cost and appreciation of renminbi yuan in the first half of 2013. 

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