Kingmaker Footwear Holdings Ltd. Provides Earnings Guidance for the Year Ended March 31, 2012
May 30, 2012 at 08:41 am EDT
Kingmaker Footwear Holdings Ltd. provided earnings guidance for the year ended March 31, 2012. For the year ended March 31, 2012, the profit of the group is expected to decrease significantly as compared with that of 2011. The board considers that the anticipated decrease in the group's profit was primarily attributable to the increased labor and sub-contracting costs arising from the labor shortage mainly in the mainland China's operations, the
continuous appreciation in the Renminbi against major foreign currencies and the increased material cost which were not able passing to customers immediately.