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China Glass Holdings Ltd Comments On H1 2012 Earnings Guidance


Friday, 10 Aug 2012 07:17am EDT 

China Glass Holdings Ltd announced that, based on the information currently available and preliminary review of the unaudited consolidated management accounts of the Company for the first half of 2012, it is expected that the Company will record a loss for the first half of 2012. Such decline was mainly attributable to slow down of economic growth in China and uncertainties of global economics, which hindered the development of glass industry in China and led to a decrease in average selling prices and sales volume of the Company's glass products, resulting in a decrease in gross profit margin of the Company. 

Company Quote

1.02
0.01 +0.99%
28 Jul 2014