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Fairson Holdings Ltd Comments On Q3 2012 Earnings Guidance


Thursday, 17 Jan 2013 09:00am EST 

Fairson Holdings Ltd announced that for the third quarter of 2012, it expects to record a increase in the unaudited consolidated net loss as compared with the unaudited consolidated net loss for the third quarter of 2011. Based on the preliminary review of the unaudited financial information currently available, the Board believes that the increase in the unaudited consolidated net loss was mainly attributable to (i) the operating loss in the business segment of copper wires, of which this business operation had been ceased since late September 2012; (ii) the decrease in the profit margin as a result of the intensified market competition under the global economic downturn; and (iii) the increased staff costs partly due to the increasing minimum wage level of the staff in the People‚Äôs Republic of China . 

Company Quote

0.151
-0.0010 -0.66%
22 Oct 2014