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China Glass Holdings Ltd Comments On FY 2012 Earnings Guidance

Monday, 7 Jan 2013 09:21am EST 

China Glass Holdings Ltd announced that for fiscal 2012, it expects to recorded a loss. Such loss was mainly attributable to the 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 of the Group’s glass products, resulting in a decrease in gross profit margin of the Group. 

Company Quote

-0.01 -0.96%
2:59am EST