Solartech Int'l (HKG:1166) Sees to Sink in Red in 1H


Solartech International Holdings Limited (HKG:1166) expected to record a loss for the six months ended 31 December 2011 as compared to the profit recorded in the same period in 2010.

Such loss was mainly attributable to the reduction in turnover caused by the recent deterioration in the global macro economic environment; the decrease in overall gross profit margin caused by the increase in production costs; and the loss on change in fair value of derivative financial instruments.

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