Vietnam Manufacturing and Export Processing Limited. Provides Earnings Guidance for the First Quarter of 2012
April 20, 2012 at 11:28 am
Vietnam Manufacturing and Export Processing (Holdings) Limited. provided earnings guidance for the first quarter of 2012. For the period, company expects to record a loss during such period. Such loss was mainly attributable to: a decline of sales revenue as a result of intensified competition in motorbike market in Vietnam; the rising production costs as a result of severe inflation in Vietnam; and an increase in research and development expenses primarily attributable to plan for the launch of competitive models of motorbikes by the group.