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Hubei Xingfa Chemicals Group Co Ltd announces FY 2013 net profit outlook below I/B/E/S estimate

Friday, 10 Jan 2014 07:00pm EST 

Hubei Xingfa Chemicals Group Co Ltd:Sees net profit for the fiscal year (FY) 2013 to decrease by 60 pct to 80 pct.Says the net profit of the same period in FY 2012 was 294,582,795.20 yuan.Says the reason for negative outlook is due to the downturn of fertilizer market and the lower phosphate ore price.FY 2013 net income of 236.74 million yuan - Thomson Reuters I/B/E/S. 

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