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Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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Xingye Copper International Group Ltd Comments On FY 2012 Guidance

Tuesday, 22 Jan 2013 07:00am EST 

Xingye Copper International Group Ltd announced that for fiscal 2012, it expects production and sales volume to be increased as compared with fiscal 2011, however, continued global economy downturn has resulted in a drop in the price of the Company's copper products. Meanwhile, the Company had increased its cost for products research and development to boast up it's products research and development ability. As such, although the Company's profit for fiscal 2012 was relatively higher than that of the peers in the industry, the Company have experienced a decline in the profit as compared to that for fiscal 2011. 

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