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2007-11-13 10:45:00 a.m. HKT, XFNA
Hong Kong-listed Group Sense (International) issues H1 profit warning
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HONG KONG (XFN-ASIA) - Group Sense (International) Ltd said that it
expects a decline in its unaudited turnover and net profit for the first half
to September compared with the same period last year.
The company cited costs that it incurred from its new office in Japan, as
well as continuing stiff competition in the consumer electronics industry
which is cutting into the profit margin of the company's existing electronics
products.
Group Sense also cited unexpected postponement in the launch of new
products.
It did not provide any indication of the extent to which its sales and
earnings have declined, but it said the company will release its interim
results next month.
At 10.39 am, Group Sense was down 0.02 hkd or 6.82 pct at 0.41.
jun.concepcion@xfn.com
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