China Specialty Glass AG Reports Earnings Results for the First Six Months of Fiscal 2012; Provides Earnings Guidance for the Full Year 2012
The company provided earnings guidance for the full year 2012. For the year, the company announced that despite the delay in the construction of the new production plant, the company confirmed the full year revenue expects to approximately EUR 100 million based on the sales in the second quarter of 2012. Net profit margin for 2012 is expected to reach approximately 25%. This mainly results from the one-off costs in connection with the new bank loan. The previous net profit margin guidance was a 30%.