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Centron Telecom International Holding Ltd Comments On FY 2012 Earnings Guidance


Thursday, 7 Feb 2013 03:16am EST 

Centron Telecom International Holding Ltd announced that the Group expects to record a decline in its net profits for fiscal 2012 as compared to its net profits for fiscal 2011. Such estimated decline in net profits is primarily attributable to a decline in sales prices as a result of more intense competition in the telecommunication industry; an increase in management expenses as a result of strengthened investments in research and development for addressing to market competition; a decline in the overall gross profit margin of the Group as a result of increased staff costs and sales costs due to inflation; and an increase in management expenses as a result of the additional provision for accounts receivable for the second half of 2012. 

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