Net profit of NVC plunges by 98.5% in 2012  
China’s lighting appliance supplier NVC announced that its profit attributable to the shareholder was RMB 8.416m in 2012, a drop of 98.5%; basic earnings per share was RMB 0.0027, the final dividend was HKD 0.015(i.e. RMB 0.012) per share, while that number was HKD 0.035 in 2011.

Meanwhile, the revenue of NVC in 2012 was 3.546bn, a 6.6% decline; gross profit was 761m, a decline of 21.8%; pre-tax profit was RMB 116m, a drop of 81.4%.

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