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Ta Yang Group Holdings Ltd Comments On FY 2013 Earnings Guidance

Monday, 30 Sep 2013 07:07am EDT 

Ta Yang Group Holdings Ltd announced that for fiscal 2013, it expects to record a significant increase in loss as compared to the corresponding period in fiscal 2012. The Board considers that the significant increase in loss for the Period was primarily attributable to: The impairment loss on the existing property, plant and equipment; lower revenue records than anticipated due to the sluggish global economy and sharply decrease in demand for keypads for traditional computers as a result of the popularity of tablet computers; and decrease in gross profit margin resulted from surging raw material costs and the rising labour costs in Mainland China. 

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