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Guizhou Changzheng Electric Co Ltd Announces FY 2013 H1 Net Loss Outlook

Wednesday, 24 Jul 2013 08:00pm EDT 

Guizhou Changzheng Electric Co Ltd announced that it expects its net profit for the first half of fiscal year (FY) 2013 to be RMB 650 million, compared to the net profit of the same period in FY 2012 (RMB 4,611,100). The Company cited its provision for impairment of assets of a wholly owned subsidiary that has stopped production as the main reason for the forecast. 

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