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Ningbo Veken Elite Group Co Ltd Announces FY 2013 Q1 to Q3 Net Profit Outlook


Monday, 14 Oct 2013 08:00pm EDT 

Ningbo Veken Elite Group Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2013 to be RMB -42,170,000, compared to the net profit of the same period in FY 2012 (RMB -63,298,900). The Company cited the sluggish demands from textile industry, depreciation of renminbi and relocation of industrial bases of the Company as the main reasons for the forecast. 

Company Quote

7.49
-0.72 -8.77%
2:59am EDT