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Fittec International Group Ltd gives H1 2013 profit guidance

Monday, 10 Feb 2014 04:38am EST 

Fittec International Group Ltd:Based on the financial information currently available.It expects that the group will record a loss attributable to the owners of the company for H1 2013 as compared with the profit attributable to owners of the company for H1 2012.The anticipated loss was primarily due to decrease in the turnover and gross profit margin in the computer motherboard and hard disk drive controller business, which is believed to be mainly attributable to.Weakening global demand of computer motherboard and hard disk drive which are the key products of the group.The increase in the cost of raw materials and labour in China.The continual slow growth of the global economy and the economic downturn of the United States of America, the European countries and Japan which prolonged the refresh cycles for PCs.The appreciation of Renminbi.The group have made impairment losses for its property, plant and equipment; and.A once-off other income of HK$37 million was received in 2012 from the settlement of the final installment of insurance due to the damages incurred from the Thailand flooding. 

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