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Provider: Wright Reports
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Provider: Thomson Reuters Stock Report
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$25.00
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Hanwang Technology Co Ltd Revises FY 2012 Net Profit Outlook
Hanwang Technology Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be RMB 5 million to RMB 15 million, compared to the net profit of FY 2011 (RMB -496,695,700). The Company previously announced that it expected the net profit to be RMB -35 million to RMB -45 million. The Company cited its investment income from divesting an 80% stake in a wholly owned subsidiary as the main reason for the revision.
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