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China Oriental Group Co Ltd Comments On H1 2013 Earnings Guidance


Friday, 28 Jun 2013 05:26am EDT 

China Oriental Group Co Ltd announced that based on the unaudited management accounts of the Group for the five months ended May 31, 2013, it is expected that the Group is likely to experience a substantial decline in profit in the first half of 2013 as compared to the profit made in the first half of 2012. Such expected substantial decline in profit in the first half of 2013 was mainly due to the significant decrease in the average selling price of steel products during the five months ended May 31, 2013 as compared to the first half of 2012.