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Provider: Thomson Reuters Stock Report
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Zhejiang Jingsheng Mechanical & Electrical Co Ltd Announces FY 2012 Net Profit Outlook Below Analysts' Estimates


Wednesday, 23 Jan 2013 07:00pm EST 

Zhejiang Jingsheng Mechanical & Electrical Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be approximately RMB 170 million to RMB 220 million, or to decrease by 32.62% to 47.93%, compared to that of FY 2011 (RMB 326.5072 million). The Company cited the decreased demand for its products as the main reason for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 241.69 million. 

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