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Qunxing Paper Holdings Co Ltd Comments On FY 2012 Profit Guidance


Friday, 8 Feb 2013 06:46am EST 

Qunxing Paper Holdings Co Ltd announced that upon receiving the Company's management accounts (the Management Accounts) for fiscal 2012, the Board has conducted a preliminary assessment of the Management Accounts and expected that the profit of the Company for fiscal 2012 may decline significantly as compared with that for fiscal 2011. The Board considers that the expected decline in the Company's profit was mainly attributable to the increase in the depreciation of fixed assets as compared with that for the corresponding period last year due to the commercial operation of rebuilt Production line no. 2 since March 2012. 

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