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Wealth Glory Holdings Ltd Comments On Q3 2012 Profit Guidance


Thursday, 10 Jan 2013 08:00am EST 

Wealth Glory Holdings Ltd announced that the consolidated financial results of the Company for the third quarter of 2012 are expected to be affected by (i) the decrease in the Company's sales due to the downturn of the global economy, leads to a decline in trading volume and hence the Company's revenue; and (ii) the initial set-up costs and expenses incurred by the Company for its expansion into the coal trading business during the period ended December 31, 2012. In view of the above reasons, the board anticipates that the Company is expected to record a loss for the third quarter of 2012 results as compared to a profit which was recorded in the corresponding financial period in 2011. 

Company Quote

0.255
0.0 +0.00%
19 Dec 2014