Telefield International (Holdings) Limited announced that, based on a preliminary review of the Group's latest unaudited management accounts and the information currently available to the Board, the Group is expected to record a substantial decrease in profit for the six months ended June 30, 2013 as compared to the profit for the six months ended June 30, 2012. The expected decrease in the net profit of the Group was mainly attributable to, among others, decline in both the revenue and margin contribution from the Electronics Manufacturing Services segment. The decline in margin contribution was due to the increasing manufacturing costs in the People's Republic of China which in turn was caused by: rise in labor cost triggered by labor shortage & compliance with the minimum wage requirements; and appreciation of RMB in the first half of 2013.
China Energy Storage Technology Development Limited
Equities
1143
KYG5500A1388
Electronic Equipment & Parts
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
2.19 HKD | -2.23% |
|
-7.20% | +6.83% |
1st Jan change | Capi. | |
---|---|---|
+6.83% | 59.38M | |
+101.91% | 89.91B | |
+37.11% | 81.63B | |
+10.26% | 38.81B | |
+9.96% | 36.73B | |
-10.22% | 13.79B | |
+31.44% | 11.52B | |
+3.42% | 10.81B | |
+64.53% | 10.92B | |
-4.28% | 10.83B |
- Stock Market
- Equities
- 1143 Stock
- News China Energy Storage Technology Development Limited
- Telefield International Limited Provides Earnings Guidance for the Six Months Ended June 30, 2013