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Pangang Group Steel Vanadium & Titanium Co Ltd Announces FY 2013 Q1 Net Profit Outlook

Tuesday, 9 Apr 2013 08:00pm EDT 

Pangang Group Steel Vanadium & Titanium Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to be RMB 250,000,000 to RMB 300,000,000, or to decrease by 43% to 52%, compared to the net profit of the same period in FY 2012 (RMB 526,110,000). The Company cited the impact of decrease in sales price of iron ore concentrate products and titanium products as well as decrease in investment income as the main reasons for the forecast. 

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