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GLOBAL Sweeteners Holdings Ltd comments on FY 2013 earnings outlook


Friday, 27 Dec 2013 04:08am EST 

GLOBAL Sweeteners Holdings Ltd:Says for FY 2013 it expects to record a significant increase in net loss from continuing operation as compared with FY 2012 (about HK$134 mln).Says the above deterioration is mainly attributable to: the increase in raw material costs and other manufacturing costs as a result of inflationary pressure in the PRC.Says also because of the slow recovery in demand and weak market selling prices for the Group’s upstream products; and the weak market selling prices for products due to weak market sentiment and drop in price of sugar, which is a substitute of the Group’s sweetener products. 

Company Quote

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