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Hunan Valin Steel Co., Ltd. Announces FY 2011 Net Profit Outlook Below Analysts' Estimate


Thursday, 19 Jan 2012 07:00pm EST 

Hunan Valin Steel Co., Ltd. announced that it expects its net profit for fiscal year (FY) 2011 to be RMB 50 million to RMB 90 million, compared to that of FY 2010 (RMB -2,643,626,100). The Company cited the subsidy of RMB 1.168 billion it received as the main reason for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2011 to be RMB 132.32 million. 

Company Quote

1.98
-0.01 -0.50%
2:39am EDT