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28-10-2009, 08:36 AM #1dhuyhulr37 Guest
The Precision Tools and CNC Machine JSC explained the negative profits in QIII/ 2009 as follows:
- Due to the global economic crisis, export orders have been canceled, which affected the income in QIII/2009
- Our traditional products are mechanic and machinery, while our main source of income are from local ship building corporation and foreign joint venture companies. During the last period, they have reduced their investment in machinery and mechanic products.
- Aluminum facing panel production line is under major upgrading period until Quarter IV/2009.View more random threads:
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- Sell-offs cause market to nose-dive
- SHS: Notice of extraordinary event
- Viglacera to form joint venture with Cuba
- Listed firms do not announce results in time: Securities watchdog
- Markets tumble on deflation fears (24/7)
- SD9: Notice of record date for cash payment 2011
- Stock market saw another sharp decline at weekend session
- ACB to pay $30 million in cash dividends
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