ShenZhen Special Economic Zone Real Estate & Properties (Group) Co Ltd Announces FY 2013 Q1 to Q3 Net Profit Outlook


Tuesday, 20 Aug 2013 08:00pm EDT 

ShenZhen Special Economic Zone Real Estate & Properties (Group) Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2013 to decrease by 76.35%~68.46% (RMB 15 million ~ RMB 20 million), compared to the net profit of the same period in FY 2012 (RMB 63,412,600). The Company cited the low real estate volume for sale and delayed confirmation of revenue of a project as the main reason for the forecast.