Marbridge Daily

<- January 30, 2012 ->

Hanvon Estimates 2011 Loss of RMB 425-435 Mln

Sina Tech, 1/29/12

Chinese e-reader and handwriting input peripherals manufacturer Hanvon (002362.SZ) has announced its preliminary performance estimates for 2011, with net loss expected to be RMB 425-435 mln, compared to net profit of RMB 87.9 mln in 2010. Hanvon attributed the loss to lower than expected revenue and profit from e-book product sales and to the fact that the company did not receive a government VAT subsidy for the fiscal year.

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