K& P International: Q1 gross profit up while orders down 10%

K& P International (0675) chairman Lai Pei Wor said after shareholder meeting that adversely influenced by slowdown of global economy, orders in the 1st half of the year was not in line with expectation, down 10% year-on-year. But as the company have developed universal customers and taken the production of nice spare part as main business, gross profit rate was improved. He predicated that in view of a whole year, net profit of the year will grow up.

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