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Guangnan (Holdings) Ltd Comments On FY 2012 Profit Guidance

Monday, 7 Jan 2013 08:00am EST 

Guangnan (Holdings) Ltd announced that based on the preliminary review of the management accounts of the Group, the consolidated profit attributable to shareholders of the Company for fiscal 2012 is expected to have a substantial decrease as compared with that for fiscal 2011, primarily attributable to the following factors: the decrease in the other net income due to the decrease in the amount of write back of liabilities; the significant decrease in exchange gain due to the slower appreciation of Renminbi against the Hong Kong Dollar and the United States Dollar; and as a result of the substantial increase in the raw materials purchase cost of an associate of the Group, the Group will record share of loss of associates in 2012 as compared with share of profits of associates in 2011. 

Company Quote

-0.02 -1.53%
30 Oct 2014