The board of TSC Group Holdings Limited announced that the company and its subsidiaries is expected to record a substantial decrease in net profits for the six months ended June 30, 2012 as compared to the net profits for the same period in 2011. The decrease in net profit was mainly due to the drop of revenue whilst at the same time required to maintain a high level of overhead to implement long term strategies. Similarly, R&D initiatives were required to continue to position the company in availing it selves to the potential opportunities in the market.
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- TSC Group Holdings Limited Announces Earnings Guidance for the Six Months Ended June 30, 2012