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Provider: Thomson Reuters Stock Report

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Dongfeng Automobile Co Ltd Revises FY 2012 Net Profit Outlook

Wednesday, 30 Jan 2013 07:00pm EST 

Dongfeng Automobile Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by more than 90%, compared to the net profit of FY 2011 (RMB 464,139,200). The Company previously announced that it expected a loss for the period. The Company cited the subsidies it received as the main reason for the revision.