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CPH's PCB Operations Pull Down FY2012 Results

Following a preliminary assessment of the full year results for Singapore-based PCB maker CPH Ltd. and its subsidiaries for the financial year ended March 31, 2012, which will be released no later than May 30, 2012, the Board of Directors of the company has announced that the Group is expected to report a net loss for the full year for FY2012.

The loss is mainly due to the group’s PCB operations, which continued to face difficult business conditions in the second half of FY2012, thereby reducing the sales for PCB products as compared to the first half of FY2012. Gross profit margin of the Group was also negatively affected due to the weaker market demand.

In view of the unfavourable business conditions faced by the group, commercial production of research and development initiatives is likely to be delayed. Therefore, the group will be accelerating its amortisation charge of its capitalised R&D expenditure.