China Zhongsheng Resources Holdings Ltd Comments On FY 2012 Earnings Guidance


Monday, 31 Dec 2012 12:00am EST 

China Zhongsheng Resources Holdings Ltd announced that based on the unaudited management accounts the Company expected to show a decrease in the consolidated total comprehensive income for fiscal 2012 as compared to fiscal 2011. The Board considered that the expected decrease in the consolidated total comprehensive income of the Company for fiscal 2012 as compared to that for fiscal 2011 was primarily attributable to, the decrease in average selling price of iron concentrates for the year ending December 31, 2012 as compared to that for the year ended December 31, 2011, and the recognition of the one-off listing and professional expenses arising from the listing of the shares of the Company on the Main Board of the Stock Exchange. 

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