Ju Teng International (HKG:3336) said that its group earnings for the eleven months ended 30 November 2011 decreased significantly as compared to the corresponding period in 2010. Accordingly, the company expects its group earnings for the year ended 31 December 2011 to also decrease significantly as compared to the financial results for the year ended 31 December 2010.

The decrease in earnings is primarily attributable to the decline in gross profit margin of the group since the second half of 2010 due to the decrease in selling price of the group's casing products, surge in labour costs and appreciation of Renminbi.

The group's final results for the year ended 31 December 2011 are expected to be announced by the end of March 2012.