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VMEP Holdings' (00422) '18 loss increases to US$41.8M
15 Mar 2019
(Infocast News) Vietnam Manufacturing and Export Processing (Holdings) (00422) has warned that it expects US$41.8 million loss for the year of 2018, compared to a smaler loss of US$9.3 million for 2017, mainly attributable to the following factors:

1. The business environment faces significant stiff competition, causing a decline in average selling prices of products.

2. The continuingly increasing pressure on the cost ofsales, including labour costs and raw material in the market, hence the gross profit margin was inevitably affected.

3. The impairment loss on certain property, plant and equipment, lease prepayments and goodwill.

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