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July 27, Sea Star Corporation announced result report for the first half of 2012. According to the announcement, during the reporting period, the company achieved total revenue of 640 million yuan, down 23.80% year-over-year, with operating revenue, total profit and net profit for shareholders representing 24.09million, 25.03 million and 21.61 million yuan respectively, slipping by 7.62%, 26.76% and 26.86% respectively. The basic earnings per share reduced by 26.93% to 0.0692 yuan.
In light of the decline in the company’
s
overall result compared with the same period last year, Sea Star Corporation attributes the decline to shrinking orders of products in the first half, which was caused by week global economic recovery and decelerated growth of the entire electronics manufacturing services.