13-11-2010, 02:30 PM
GP Industries yesterday released 2010/11 H1 Results.
Dividend for the current financial period 1.5 Singapore cents per share, up, corresponding period last year was 1.0 Singapore cent per share.
Management's comments on factors or events that may affect the group in the next reporting period and the next 12 months :
Demand for most of the Group's products is expected to remain steady. Growth in Asia is expected to support the demand for the Group's automotive wire harness and acoustics products. GP Batteries is seeing signs of market uncertainties, particularly the demand from electronic manufacturing sector.
Wage increases in China, the strengthening Renminbi, volatilities in currency exchange rates and raw material prices may affect the Group's profitability. The Group will continue to further automate and streamline its manufacturing process in order to mitigate the effect of rising labour costs.
For more details, please see the financial result announcement
Dividend for the current financial period 1.5 Singapore cents per share, up, corresponding period last year was 1.0 Singapore cent per share.
Management's comments on factors or events that may affect the group in the next reporting period and the next 12 months :
Demand for most of the Group's products is expected to remain steady. Growth in Asia is expected to support the demand for the Group's automotive wire harness and acoustics products. GP Batteries is seeing signs of market uncertainties, particularly the demand from electronic manufacturing sector.
Wage increases in China, the strengthening Renminbi, volatilities in currency exchange rates and raw material prices may affect the Group's profitability. The Group will continue to further automate and streamline its manufacturing process in order to mitigate the effect of rising labour costs.
For more details, please see the financial result announcement
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