TC Orient Lighting Holdings Limited provided earnings guidance for the year ended December 31, 2013. The Group for the year ended December 31, 2013, it is expected that the Group will record a significant loss as compared to the corresponding period ended December 31, 2012 due to the decrease in the turnover and gross profit margin in the printed circuit board business, which is believed to be mainly attributable to (i) the weakening global demand for PCB; (ii) the reduction in average sales price of PCB; and (iii) the increasing labour cost in the PRC based on the information currently available to the Group, and the Group have made impairment losses for its property, plant and equipment, and inventory in the PCB business, and intangible assets in the LED business.
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