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Perception Digital Holdings Ltd Comments On FY 2012 Earnings Guidance

Wednesday, 16 Jan 2013 07:00am EST 

Perception Digital Holdings Ltd announced that the Company and its subsidiaries (collectively the Group) may record an increased loss for fiscal 2012 as compared with the loss recorded for fiscal 2011, which was mainly caused by (i) the overall decrease in gross profit margin of the Group as affected by the intensification of the European economic crisis during 2012; (ii) potential impairment on receivables from certain customers arising from disputes with those customers; and (iii) an impairment of our inventory in connection with certain raw materials previously stored in a subcontracted warehouse, which were found to be lost during the stock taking process. The Company has reported the incident to the Hong Kong Police for investigation. 

Company Quote

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19 Dec 2014