| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | DELONG HOLDINGS LIMITED |
| Company Registration No. | 199705215G |
| Announcement submitted on behalf of | DELONG HOLDINGS LIMITED |
| Announcement is submitted with respect to * | DELONG HOLDINGS LIMITED |
| Announcement is submitted by * | Yeo Lee Luang |
| Designation * | Company Secretary |
| Date & Time of Broacast | 08-May-2012 17:14:52 |
| Announcement No. | 00038 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | Profit Guidance (1QFY2012) |
| Description | The Board of Directors of Delong Holdings Limited ("Delong" or the "Group") wishes to inform shareholders and potential investors that the Group is expected to report a net loss for the three months ended 31 March 2012 ("1QFY2012"). While demand for the Group's key hot-rolled coil ("HRC") products had recovered in 1QFY2012, the weaker than expected performance is largely due to intense market competition within the PRC. The competitive operating environment had resulted in a decline in steel prices, which had outpaced the decrease in raw material prices (i.e. iron ore) in the quarter under review. Further details of the Group's financial performance will be disclosed when the Group finalises and announces its unaudited financial results for 1QFY2012 by 15 May 2012. By Order of the Board Ding Liguo Executive Director |
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