China Aluminum Cans Holdings Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the four months ended April 30, 2014, a material reduction in the revenue and net profit of the Group for the six months ending June 30, 2014 are expected as compared to those for the six months ended June 30, 2013. The expected material reduction in revenue and net profit is mainly attributable to (i) the significant decrease in overseas sales due to increasing competition from small-sized overseas aerosol can manufacturers; and (ii) a drop in market demand for packaging products from the Group's major customers in China due to the adverse effect of the slowdown of China's economy.
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Other stock markets
|
5-day change | 1st Jan Change | ||
0.64 HKD | +3.23% | -11.11% | +10.34% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+10.34% | 72.52M | |
+43.75% | 4.21B | |
+10.19% | 2.83B | |
+3.26% | 2.37B | |
+7.49% | 1.58B | |
-21.00% | 1.39B | |
+74.79% | 1.14B | |
+2.08% | 979M | |
-3.70% | 771M | |
+0.77% | 704M |
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