04 JUNE 2014AlCircle.com
China Aluminum Cans Holdings Ltd gives the outlook for H1 2014
Edited by : AL CIRCLE
1 min read
According to China Aluminium Can Holdings Ltd, the initial phase review of the management accounts for 4 months that ended on 30th April, 2014. It expects that a material reduction in total revenue and net profit for H1 2014 for the group in comparison to H1 2013.
The expected reduction in the total revenue as well as net profit of the material has led to a significant decrease in the sales overseas. This has resulted due to the increasing competition from the small-sized aerosol manufacturers overseas. A decline in the market demand for the packaging products from major customers of the Group in China has resulted due to the adverse effect of slowdown in China’s economy.
The expected reduction in the total revenue as well as net profit of the material has led to a significant decrease in the sales overseas. This has resulted due to the increasing competition from the small-sized aerosol manufacturers overseas. A decline in the market demand for the packaging products from major customers of the Group in China has resulted due to the adverse effect of slowdown in China’s economy.
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