ERATAT LIFESTYLE: Quarterly profit down 24% but optimistic about future

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ERATAT LIFESTYLE: Quarterly profit down 24% but optimistic about future

Written by Leong Chan Teik

Thursday, 29 July 2010 01:58

L-R: Eratat executive chairman Lin Jiancheng, CFO Ken Ho yesterday

ERATAT LIFESTYLE (formerly China Eratat Fashion) shares were weak yesterday, closing down 1 cent to 15.5 cents.

Reason: the company reported a 23.5% slide in net profit to RMB27.1 million for the quarter ended June 30.

However, the management was optimistic about the prospects, highlighting a RMB500 million orderbook. Read more...

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