Yongmao Holdings Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended March 31, 2012
May 15, 2012 at 12:33 pm EDT
Yongmao Holdings Ltd. provided earnings guidance for the fourth quarter and full year ended March 31, 2012. The company expected to report an overall net loss for fourth quarter and full year 2012 due to a net loss in its Sichuan Tat Hong Yuanzheng Machinery Construction Co. Ltd. mainly due to the loss on disposal of towercranes, provision of doubtful debts and higher operating costs.