Friday, February 8, 2013

ASTI

ASTI: profit warning for FY12 results. Co expects to report a net loss for FY12 mainly due to, i) Impairment losses arising from the proposed divestment of the Distribution business; ii) Decrease in gross profit margin from the Distribution business; iii) Contribution of losses from its newly acquired subsidiary – Advanced Systems Automation Limited; and iv) Increase in R&D cost incurred for development in semiconductor packages. FY12 results due on or before 1 Mar 2013.

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