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25-10-2012, 11:03 AM
That is the problem with S-chips. They might be "suppressing" net profit to do something funny...
(24-10-2012, 08:20 PM)CityFarmer Wrote: The Board of Directors of China Sunsine Chemical Holdings Ltd. (the “Company”) wishes to inform that following a preliminary assessment of the unaudited 3Q2012 financial results of the Company with its subsidiaries (the “Group”), the Board of Directors of the Company would like to advise shareholders that the Group is expected to report materially lower net profit. The lower net profit was due mainly to the decrease in gross profit margin
http://info.sgx.com/webcoranncatth.nsf/V...100279615/$file/CS_Profit_Guidance3Q2012.pdf?openelement
Not sure the real reason behind the decrease in gross profit margin. Unlikely due to recent Sino-China conflict which impacted the car industrial in China...
(not vested)
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