AA Group Holdings Ltd. Provides Earnings Guidance for the Year Ended December 31, 2011
February 21, 2012 at 08:35 pm
AA Group Holdings Ltd. provided earnings guidance for the year ended December 31, 2011. The Board of Directors of the company announced that the Group expects to report a net loss for the financial year ended December 31, 2011. The net loss was primarily due to the increase in the costs of raw materials; the decrease in sales revenue in fiscal year 2011, and the provision of bad debt for the receivables.