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QingMei Group Holdings Limited expects its profitability to be affected and report lower sales for 3Q FY2012 as compared with the same corresponding period in last year. This was mainly due to the slowdown in domestic market demand for products due to intensified competition and consolidation downstream business market sports shoes manufactures and distributors and customers becoming more prudent when placing orders for products under current market conditions. Notwithstanding the above, the Group expects to remain profitable for the financial year ending 30 June 2012...Attachments: Source: ShareInvestor Express
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