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Jiangsu Kuangda Automobile Textile Group Co Ltd Announces FY 2013 Net Profit Outlook

Thursday, 24 Oct 2013 08:00pm EDT 

Jiangsu Kuangda Automobile Textile Group Co Ltd announced that it expects its net profit for fiscal year (FY) 2013 to be RMB 142,113,100 to RMB 174,411,500, or to increase by 10% to 35%, compared to the net profit of FY 2012 (RMB 129,193,700). The Company cited the increased sakes of its automobile fabric and income from the solar power plant it acquired as the main reason for the forecast.