Sinofert Holdings Ltd. provided earnings guidance for the six months ending June 30, 2013. For the period, the company expects that there will be a notable decrease in the net profit of the Group. The decrease is mainly attributable to (i) the impact of global economic downturn and weather and climate extremes, which continuously intensified the supply and demand imbalances in the domestic and overseas fertilizer markets, leading to a decline in sales price of the products and an increase in pressure on gross profit margins; and (ii) the acceleration of the decline in the upstream phosphorous chemical market since the second quarter of 2013, leading to a deterioration in the performance of the phosphate fertilizer and phosphorous chemical businesses of the subsidiaries and investee companies of the company.
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5-day change | 1st Jan Change | ||
0.98 HKD | -2.97% | -2.00% | +7.69% |
May. 14 | Sinofert Holdings Limited Announces Retirement of Tse Hau Yin, Aloysius as an Independent Non-Executive Director | CI |
May. 08 | Sinofert Logs Nearly 2% Increase in Q1 Profit | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+7.69% | 909M | |
+10.65% | 29.88B | |
+30.14% | 742M | |
-31.32% | 673M | |
-12.27% | 316M | |
-8.97% | 208M | |
-.--% | 101M | |
+24.69% | 84.56M |
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- Sinofert Holdings Ltd. Provides Earnings Guidance for the Six Months Ending June 30, 2013