Symax Lift (Holdings) Co. Ltd. Announces Financial Results of Fiscal Year 2014
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/30/15 -- Symax Lift (Holdings) Co. Ltd. (TSX VENTURE: SYL) ("Symax" or the "Company") announces its financial results for the three-month period and fiscal year ending December 31, 2014.
Highlights
SUMMARY FINANCIAL STATEMENTS
"Symax''s sales in 2014 increased by 22%, however this was lower than Management''s expectation as a result of the fourth quarter sales decline resulting from the real estate industry''s slowdown which commenced in the third quarter," stated Ms. Sabrina Zhang, CEO of Symax. "We expect that the real estate slowdown will continue into 2016, and our objective will be to try to maintain sales levels and take actions to reduce costs as we move forward."
About Symax Lift Holdings
Symax is in the business of the development, manufacturing, and sale of elevators, as well as the provision of after-sales services in China and worldwide. Symax''s products and services are classified into two separate offerings; a main line of standardized products which include passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways; and customized elevator products.
This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects,", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company''s management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management''s beliefs, estimates or opinions, or other factors, should change.
Contacts:
For Corporate Information:
Michael Zheng
Skyone International Securities Corporation
416.268.6178
Symax Lift (Holdings) Co. Ltd.
Mary Ma
CFO
604.277.6678
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Datum: 30.04.2015 - 14:05 Uhr
Sprache: Deutsch
News-ID 1355580
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Machinery & Tools
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