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Loudong General Nice Resources (China) Holdings Ltd Comments On FY 2012 Profit Guidance


Thursday, 7 Feb 2013 09:00am EST 

Loudong General Nice Resources (China) Holdings Ltd announced that based on the preliminary review of the consolidated management accounts of the Group, it is expected that the profit for fiscal 2012 to show a decrease as compared with that for fiscal 2011. The expected decrease in the profit is primarily attributable to the drop in sales volume and the continuous decrease in the price of coke due to the global economic downturn and the slowdown in China‚Äôs steel industry. 

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