Leshi Internet Information and Technology Corp Beijing Announces FY 2012 Net Profit Outlook Below Analysts' Estimate

Leshi Internet Information and Technology Corp Beijing announced that it expects its net profit for fiscal year (FY) 2012 to increase by 45% to 55% or to be RMB 190,125,600 to RMB 203,237,800, compared to the net profit of FY 2011 (RMB 131,121,100). The Company cited the increased sales in its main businesses especially advertisement business as well as the record of JPY 24.74 million no-operating profit as the main reason for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 212.84 million.