The loss announced is basically attributable to:
1.The loss sustained by the Company in several direct sales, resulting from the entry of new companies in the field of Low Voltage Cables that represent about 60 % of the Companys sales.
2.The loss sustained by the Company in many contracts in view of the tough competition and others selling at very low prices that do not cover even the cost of production.
3.Delay in two projects in Syria which were announced earlier on 23 February 2010, because of their not opening the Letter of Credit.
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