Shenzhou Int’l Issues Dour Outlook
The Chinese apparel maker warned that profit attributable to shareholders will be down roughly 38% to 43% in the first half to about RMB 1,800 million ($264.3 mm) from RMB 3,177 million. Rising raw material and labor costs, coupled with the yuan’s 4% appreciation against the dollar, hit ... Log in to view full article.
