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Guangdong Hongteo Accurate Technology issues FY 2014 Q1 net profit outlook

Tuesday, 1 Apr 2014 08:00pm EDT 

Guangdong Hongteo Accurate Technology Co Ltd:Sees net profit for the first quarter of fiscal year (FY) 2014 to decrease 43.44 pct to 26.47 pct, or to be 5 mln yuan to 6.5 mln yuan.Says the net profit of the same period in FY 2013 was 8,839,800 yuan.Comments that insufficient of production, increased financial costs and increased labor cost as the main reasons for the forecast. 

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