Chanco International Group Ltd. Provides Earnings Guidance for the Year Ended March 31, 2012
May 21, 2012 at 05:37 am EDT
The board of directors of the Chanco International Group Ltd. announced the shareholders of the company and potential investors that the group expects to record a significant decline in its net profit for the year ended March 31, 2012, as compared to that for the year ended March 31, 2011. The board announced that the decline in net profit is mainly due to decrease in sales and profit margin caused by reduction of orders from the overseas customers and rising production costs in the PRC.