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Harbin Dongan Auto Engine Co Ltd Announces FY 2013 Q1 Net Profit

Wednesday, 17 Apr 2013 08:00pm EDT 

Harbin Dongan Auto Engine Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to be RMB - 19 million, compared to the net profit of the same period in FY 2012 (RMB 5.33 million). The Company cited the 40% decrease of sales of motors for mini-cars as the main reason for the forecast. 

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