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Citic Dameng Holdings Ltd Comments On FY 2012 Profit Guidance

Friday, 1 Feb 2013 04:38am EST 

Citic Dameng Holdings Ltd announced that the Group may record a more significant decline in its results for fiscal 2012 as compared to fiscal 2011, than estimated at the time of the announcement of the Company issued on November 23, 2012. The reasons of adverse changes are mainly impairment of an entrusted loan to an independent third party ; and write down of deferred tax assets arising from tax losses of certain subsidiaries. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $356.43 million for fiscal 2012. 

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