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China Titans Energy Technology Group Co Ltd gives FY 2013 earnings guidance

Tuesday, 7 Jan 2014 08:05am EST 

China Titans Energy Technology Group Co Ltd:Says based on the preliminary information currently available, it is expected that the group will record a loss for the year ended FY 2013 compared with the profit for FY 2012.The expected loss of the group for FY 2013 is mainly attributable to a number of factors including the shrinkage and slowing down of investment scales in relevant industries.The failure of the group to meet the expected sales target of its products and increase in labour costs, sales and distribution expenses and administrative expenses. 

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