China Ting (HKG:3398) Expects Weaker Profitability for 2011


China Ting Group (HKG:3398) has warned that the overall profitability of its group companies in 2011, as compared with 2010, is expected to decrease primarily due to unsatisfactory performance of the garment export (OEM) business of the group.

The performance of the OEM business was adversely affected by increasing cost of raw materials and labour, appreciation of Renminbi against other currencies and the continuous low economic performance of the US market in 2011.

The annual results of the group for 2011 is expected to be published before the end of March.

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