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East Crystal reports 70% drop in net profit
Authors£º Updated£º2012/7/31 14:08:46 Hits£º369´Î
On July 27, East Crystal announced its 2012 semi-annual financial results. In the report period, the company delivered total revenues of RMB 130.4576m, a year-on-year rise of 17.04%.
 
However, affected by the price fall in export products, cost escalation in raw materials and labor costs and fluctuation in exchange rates, along with the newly-launched LED substrate project of its wholly-owned subsidiary, the company achieved net profit of only RMB 3.0481m, down 73.01% from a year earlier.

 



 
 
 
 
 
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