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Zibo Qixiang Tengda Chemical Co Ltd Announces FY 2012 Net Profit Outlook In Line With Analysts' Estimate
Zibo Qixiang Tengda Chemical Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to decrease by 10% to 40%, compared to the net profit of FY 2011 (RMB 506,427,182.46). The Company cited the lower selling price and the impact of the uncertain business conditions as the main reason for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 364.08 million.
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