Weak China sales, higher overheads weigh on Cuscapi


KUALA LUMPUR: CIMB Equities Research said Cuscapi’s 3Q14 results came in below its expectations mainly due to weak China sales and higher overheads.

The research house said on Friday that with 9M14 seeing a loss of RM6.7mil, Cuscapi’s 3Q14 results came in below expectations (FY14 net profit forecast of RM3.3mil) mainly due to weak China sales and higher overheads.

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