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Yantai Tayho Advanced Materials issues FY 2014 H1 net profit outlook

Sunday, 20 Apr 2014 08:00pm EDT 

Yantai Tayho Advanced Materials Co Ltd:Sees net profit for the first half of fiscal year (FY) 2014 to increase 112.28 pct to 162.07 pct, or to be 81 mln yuan to 100 mln yuan.The net profit of the same period in FY 2013 was 38,157,100 yuan.Comments that increased sales price of spandex products, increased sales volume of aramid fiber and decreased costs as the main reasons for the forecast. 

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