The Board of Directors of Sapphire Corporation Limited provided profit guidance for the company and its subsidiaries are expected to report a loss for the 2nd quarter ended 30 June 2013. The Group is expected to report loss mainly due to: Impairment loss for fixed assets of Neijiang Chuanwei Special Steel Co., Ltd; Losses incurred by Sichuan Longwei Metal Product Co., Ltd; Impairment loss for investment in available-for-sale financial assets.
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- Sapphire Corporation Limited Provides Profit Guidance for the Second Quarter Ended 30 June 2013