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Lorenzo International Ltd Issues FY 2012 Guidance

Tuesday, 5 Feb 2013 04:25am EST 

Lorenzo International Ltd announced that the Group (the Company and its subsidiaries) is expected to report a significantly higher net loss for the financial year ended December 31, 2012 (FY2012) compared to a net loss of SGD 1.2 million recorded in the financial year ended December 31, 2011. The deterioration in the Group's results for FY2012 was mainly due to the continued weakening in global demand resulting in poorer export sales, generally weaker consumer demand in core markets that the Company operates, and poor performance of the two factories located in China resulting from the decline in the Group's revenue. The Directors expect to release the Group's financial results for FY2012 on or around February 27, 2013. 

Company Quote

-0.0020 -2.56%
14 Jul 2014