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2008-2-25 05:50:00 p.m. HKT, XFNA
Hong Kong-listed Ka Shui International warns of lower 2007 profit
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HONG KONG (XFN-ASIA) - Ka Shui International Holdings Ltd said its 2007
net profit may be significantly lower from the previous year's level due to a
host of adverse factors, including increases in raw material, labor and
administrative costs and stiff competition in the metals industry.
The group, which manufactures and sells zinc, magnesium and aluminium
alloy die casting components, said the annual results are yet to be finalized.
Ka Shui listed on the stock exchange's main board in June last year.
The company's shares closed flat at 0.52 hkd.
jun.concepcion@xfn.com xfnjcc/xfnrc
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