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Hong Kong : Novel Denim Cuts Q4 Outlook On Charges
2003-5-15 10:46:00
 Denim and chino maker Novel Denim Holdings Ltd on Tuesday slashed its fourth quarter forecast, citing a weak US dollar, a slide in the value of some assets and the closure of a factory in Mauritius.

The company said it now sees a loss for the quarter ended March 31 of $11.5 million to $13m on charges of $m to $10m with sales at $28m.
 
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