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Zhejiang Jingsheng Mechanical & Electrical Co Ltd Announces FY 2012 Net Profit Outlook Below Analysts' Estimates
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.
Latest Developments for Zhejiang Jingsheng Mechanical & Electrical Co Ltd
- Zhejiang Jingsheng Mechanical & Electrical Co Ltd to Set up Joint Venture with Tianjin Zhonghuan Semiconductor Co Ltd
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- Zhejiang Jingsheng Mechanical & Electrical Co Ltd Announces FY 2012 H1 Dividend Payment Date
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