Raymond Industrial Ltd. Provides Group Earnings Guidance for the Year Ended December 31, 2011
March 09, 2012 at 10:17 am EST
Raymond Industrial Ltd. provided group earnings guidance for the year ended December 31, 2011. For the year, the company expects profits are likely to record a decrease as compared to profits for the year ended December 31, 2010. Such decrease in profits is mainly attributable to initial set up expenses for new products; and expenses for acquisition of machines for production, which result in increase in expenses of the group for the year ended December 31, 2011.