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Provider: Thomson Reuters Stock Report
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Provider: Wright Reports
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$368.00
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Fairson Holdings Ltd Comments On Q1 2012 Earnings Guidance
Fairson Holdings Ltd announced that for the first quarter of 2012, it expects the group to record net loss as compared to a net profit for the first quarter of 2011. Based on the information currently available, the net loss was mainly attributable to the decrease in gross profit margin as a result of increasing market competition under the global economic downturn and the operating loss from the manufacturing and sale of copper wires which are yet to achieve economies of scale.
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