China Stationery averts suspension

China Stationery averts suspension

KUALA LUMPUR: Trading in the securities of China Stationery Ltd (CSL) will not be suspended on Wednesday.

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.

CSL's consolidated statement for FY13 showed it posted revenue of 1.799 billion renminbi (RM919.88mil), down 9.1% from the 1.98bil renminbi in FY12.

Profit before tax slipped 16.7% to 547.70mil renminbi from 657.69mil renminbi. Net profit fell 16.6% to 388.027mil renminbi from 465.49mil renminbi.