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Arts Optical International Holdings Ltd Issues FY 2012 Net Profit Guidance


Thursday, 20 Dec 2012 03:49am EST 

Arts Optical International Holdings Ltd announced that for fiscal 2012, it expects the net profit to be significantly lower than that of fiscal 2011. Based on the information currently available, the Board believes that the significant decrease in the net profit of the group will be attributable to various factors, including the increase in labour costs after the minimum wage in Shenzhen, where the group’s manufacturing facilities are located, increased by 20% in April 2011 and 14% in February 2012; and the appreciation of Renminbi in 2012. 

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