China Fibretech Ltd. provided earnings guidance for the fourth quarter ended December 31, 2015. For the quarter, the company expected loss before taxation as compared to a profit before taxation for the fourth quarter ended 31 December 2014. The loss was mainly due to the provision of doubtful debts amounting to RMB 4,477,000 recorded in fourth quarter of 2015 for trade receivables from three claimants in relation to the claims by customers as announced on 30 November 2015.
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- China Fibretech Ltd. Provides Earnings Guidance for the Fourth Quarter Ended December 31, 2015