ASTI Holdings Ltd. provided earnings guidance for the year ended December 31, 2012. The Group is expected to report a net loss for the year 2012 mainly due to impairment losses arising from the proposed divestment of the distribution business; decrease in gross profit margin from the distribution business; contribution of losses from its newly acquired subsidiary Advanced Systems Automation Limited; increase in research and development cost incurred for development in semiconductor packages.
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- ASTI Holdings Ltd. Provides Earnings Guidance for the Year Ended December 31, 2012