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Provider: Reuters Investment Profile
Provider: Wright Reports
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CITIC Resources Holdings Ltd Comments On H1 2013 Profit Guidance

Tuesday, 9 Jul 2013 06:49am EDT 

CITIC Resources Holdings Ltd announced that, based on information available to the Board, the Group expects to record a material decrease in its net profit for the first half of 2013 as compared with the first half of 2012. The expected decrease in net profit is principally attributable to weak selling prices of commodities due to the slowdown in the global economy; and an expense of HKD91,498,000 arising from the cash tender offer made by the Group to repurchase part of its USD1,000,000,000 6.75% senior notes due 2014. 

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