The Office Times

No suspension for China Stationery

Trading in the shares  of China Stationery Ltd will not be suspended on Wednesday reports The Star Online.

According to a circular on Tuesday, Bursa Malaysia Securities Bhd said CSL had submitted its annual audited accounts for the financial year ended Dec 31, 2013.

On April 17, CSL had requested for an extension of two months to to issue its audited 2013 financial statements in view of a fire incident on April 8, 2014 at one of the company plants in Fujian Province, China which had hampered its auditors' work.

CSL's consolidated statement for FY13 showed it posted revenue of 1.799 billion renminbi (210 million euros) down 9.1% from in FY12.

Profit before tax slipped 16.7% with net profit down 16.6%.

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