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Shandong New Beiyang Information Technology Co Ltd Revises FY 2013 H1 Net Profit Outlook

Wednesday, 26 Jun 2013 08:00pm EDT 

Shandong New Beiyang Information Technology Co Ltd announced that it expects its net profit for the first half of fiscal year (FY) 2013 to be RMB 71,670,300 to RMB 81,908,900, or to increase by 5% to 20%, compared to the net profit of the same period in FY 2012 (RMB 68,257,400). The Company previously announced that it expected the profit to increase by 20% to 50%. The Company cited the impact of decrease in sales of receipt and journal printers, label printers and embedded printers, the test of new enterprise resource planning (ERP) system and the delay in wholesale of original equipment manufacturer (OEM) products in overseas markets. 

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