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Sinotel Technologies Ltd Comments On Q1 2013 Profit Guidance


Wednesday, 24 Apr 2013 08:48am EDT 

Sinotel Technologies Ltd announced that following a preliminary review of the unaudited financial results of the Group for first quarter of 2013, the Group is expected to record a net loss for first quarter of 2013. This was mainly attributable to lower profit margin arising from an increase in contribution from the sales of equipment which commands a lower margin coupled with a decrease in contribution from both the outdoor wireless coverage solutions and emergency mobile communications system (EMCS) which command higher margin. 

Company Quote

0.051
-0.0020 -3.77%
29 Jul 2014