LONDON (Thomson Financial) - LED Intl Holdings Ltd posted a full-year pretax
loss for its first year as a public company due to high operating expenses, but
said with growing demand in the LED industry it is confident of its long-term
growth potential.
For the "challenging" July 4, 2006 to June 2007 period, the group reported a
pretax loss of 1.7 mln hkd. This even as turnover came in at 67.413 mln hkd.
Other operating expenses stood at 15.278 mln hkd, while administration costs
were 8.024 mln hkd.
It said it will invest in research and development, enhance reputation
particularly in Asia and Greater China where it sees "significant" growth
potential, and look for other potential investment opportunities, including
acquisition-related, to enhance growth.
It also said its board will see some changes in 2008 and current chief
executive Jim Kalok will not be re-appointed as a director.
TFN.newsdesk@thomson.com
apm/jfr
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