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Bengang Steel Plates Co., Ltd. Announces FY 2012 H1 Net Profit Outlook
Bengang Steel Plates Co., Ltd. announced that it expects its net profit for the first half of fiscal year (FY) 2012 to be RMB 120 million to RMB 180 million, or to decrease by 69.77% to 79.85%, compared to the net profit of the same period in FY 2011 (RMB 595,456,000). The Company cited the decreased price of steel as the main reason for the forecast.
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