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Kai Yuan Holdings Ltd Comments On H1 2013 Earnings Guidance


Friday, 26 Jul 2013 06:26am EDT 

Kai Yuan Holdings Ltd announced that the Group expects to record a loss for the first half of 2013. The expected loss was principally attributable to share of operating loss from the Group’s associates engaged in steel manufacturing and trading in China, which mainly resulted from weakened demand as well as shrinkage in gross profit margin of steel products; and operating loss of the Group’s heat energy supply segment as a result of increase in production as well as operating costs, and heat energy supply facilities had to be utilized at economy of scale. 

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20 Nov 2014