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Stella International Holdings Ltd Comments On H1 2013 Earnings Guidance


Thursday, 11 Jul 2013 11:55am EDT 

Stella International Holdings Ltd announced that for the first half of 2013, it expects an operating profit decline in the teens and a decrease of over 20% in net profit, compared to the corresponding period of 2012. The decline of operating profit was mainly attributable to the lower utilisation of the manufacturing facilities caused by unseasonal weather and unstable global economic recovery, as well as pressure from higher labour costs and inefficiencies derived from capacity relocation. Furthermore, its net profit has also been negatively affected by the absence of a one-off non-operating gain for the six months ended June 30, 2013 as compared with the same period in 2012. 

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24 Jul 2014