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Harbin Dongan Auto Engine Co Ltd Announces FY 2012 Net Loss Outlook
Harbin Dongan Auto Engine Co Ltd announced that it expects its net loss for fiscal year (FY) 2012 to be up to RMB 60 million, compared to the net profit of FY 2011 (RMB 33.83 million). The Company cited the decreased sales of micro car engine and decreased investment income as the main reason for the forecast.
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