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Provider: Sadif Analytics Prime

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Sinotruk (Hong Kong) Ltd Comments On FY 2012 Profit Guidance

Wednesday, 30 Jan 2013 05:51am EST 

Sinotruk (Hong Kong) Ltd announced that the group expects profit for fiscal 2012 to record a substantial decrease as compared to that for fiscal 2011. The decrease in profit is mainly attributable to the substantial decrease in the sales of the Group’s heavy duty trucks due to the decrease in the overall demand of heavy duty trucks in the PRC in 2012 given the fixed operation costs of the Group is relatively stable. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $373.61 million for fiscal 2012. 

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