Guangdong Tannery sees fortunes turning
19/06/2013
The announcement has been made through The Stock Exchange of Hong Kong as part of the rules for investors.
“Based on the current estimate of the company's management, the group is expected to record a net profit for the six months ending 30 June 2013 as compared to a net loss for the corresponding period in 2012,” it said.
This is primarily attributable to an increase in sales and improvement in gross profit margin, it said, but added that as it is still analysing the reasons for the improvement, the information is subject to change.
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