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Shengli Oil & Gas Pipe Holdings Ltd Comments On FY 2012 Guidance


Wednesday, 30 Jan 2013 09:39am EST 

Shengli Oil & Gas Pipe Holdings Ltd announced that based on the information currently available to the Board and the unaudited consolidated management accounts of the Company for fiscal 2012, it is expected that there will be an improvement in the performance of the primary business operations of the Company for the second half of 2012 as compared to that for the first half of the year. In addition, due to the contribution from non-operating income, in particular a large amount of non-recurring subsidy in the form of government grant, the Company expects that there will be a positive impact on the results performance of the Company for fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of CNY1.866 billion and net income of CNY54.46 million for fiscal 2012. 

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