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Tech Pro Technology Development Ltd Comments On H1 2013 Earnings Guidance

Friday, 26 Jul 2013 07:51am EDT 

Tech Pro Technology Development Ltd announced that it is expected to record a consolidated net loss for the first half 2013. The net consolidated loss of the Company has been narrowed as compared to the same in the corresponding period in 2012, which was primarily attributed to the gain on the disposal of the aluminum electrolytic capacitors business during the period. The Board considers that the Company's consolidated net loss for the first half of 2013 was primarily due to (i) amortization of intangible assets; (ii) imputed interest incurred on the unlisted bonds issued in 2012; (iii) the changes of fair value on embedded derivative of the unlisted bonds; (iv) imputed interests incurred on the promissory notes; and (v) operation loss from the aluminum electrolytic capacitors business. 

Company Quote

0.03 +0.50%
10:38pm EST