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Xuzhou Combustion Control Technology Co Ltd Announces FY 2013 H1 Net Profit Outlook


Thursday, 11 Jul 2013 04:59am EDT 

Xuzhou Combustion Control Technology Co Ltd announced that it expects its net profit for the first half of fiscal year (FY) 2013 to be RMB 23,159,300 to RMB 28,949,100, or to decrease by 25% to 40%, compared to the net profit of the same period in FY 2012 (RMB 38,598,800). The Company cited the decreased profit rate, increased loss on impairment of assets, increased depreciation cost, increased cost on personnel and decreased interest from bank as the main reasons for the forecast. 

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