Tiangong International (00826) said it expects to record a significant decline in the Group's profit for the six months ended 30 June 2015 as compared to the same period in 2014.
The decline was primarily attributable to the slowdown in China's economic growth during the reporting period, leading to the decrease in demand and decrease in average selling price of the Group's products; and the depreciation of Euro which affect the export revenue and profit of the Group as the prices of products exported to European countries are denominated in Euro.
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