Shanxi Changcheng Microlight Equipment Co. Ltd. Provides Earnings Guidance for the Year Ended December 31, 2011
March 22, 2012 at 02:50 pm IST
Shanxi Changcheng Microlight Equipment Co. Ltd. provided earnings guidance for the year ended December 31, 2011. For the period, the company is expected to record a loss for the year ended December 31, 2011 due to the factors that: continued appreciation of Renminbi; increase in the cost of certain raw materials substantially and the cost of production; increase in the research and development costs substantially; increase in the amount of depreciation; and increase in the finance costs.