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Solartech International Holdings Ltd Comments On FY 2013 Earnings Guidance


Wednesday, 11 Sep 2013 05:32am EDT 

Solartech International Holdings Ltd announced that it expects to record a greater loss for fiscal 2013 as compared to the loss recorded for the corresponding year of 2012. Based on the relevant information currently available to the Company, the Board considers that the loss was mainly attributable to (1) the reduction in turnover caused by the recent deterioration in the global macro economic environment; (2) the loss on change in fair value of derivative financial instruments; and (3) the impairment loss recognised in respect of mining rights. 

Company Quote

0.11
-0.0090 -7.56%
17 Apr 2014