Launch Tech warns of loss

There was a decrease in sales volume.

The board of directors of Launch Tech Company Limited announced that the Group is expected to record a significant loss for the year ending 31 December 2012.

The announcement said the expected loss is primarily due to the decrease in sales volume and average selling price of the products of the Group in the second half of year 2012, as a result of the global economic downturn.

The annual results of the company will be announced by end of March 2013.