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NVC Lighting Holding Ltd Comments On FY 2012 Profit Guidance


Tuesday, 19 Mar 2013 06:30pm EDT 

NVC Lighting Holding Ltd announced that it is expected to record a significant decrease in profit for fiscal 2012 as compared to the corresponding period in fiscal 2011. The Board considers that the anticipated decrease in profits of the Company was primarily attributable to the following factors: impairment of the goodwill arising from the acquisition of World Through Investments Limited and its wholly owned subsidiaries by the Company on August 29, 2008; increase in product costs; and decrease in consumer demand and sales volume. The Company reported net profit of USD45.22 million in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report net income of USD45.22 million for fiscal 2012. 

Company Quote

1.77
0.0 +0.00%
8 Aug 2014