Citic Resources issues profit warning

Here are 2 big reasons for its looming profit decrease.

In a release, Citic Resources Holdings Limited announced that based on information currently available to the Board, the Group is expected to record a material decrease in its net profit for the six months ended 30 June 2013 as compared with that for the six months ended 30 June 2012.

The expected decrease in net profit is principally attributable to (1) weak selling prices of commodities due to the slowdown in the global economy; and (2) an expense of HK$91,498,000 arising from the cash tender offer made by the Group to repurchase part of its US$1,000,000,000 6.75% senior notes due 2014.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia