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Xinhu Zhongbao Co Ltd Announces FY 2012 Net Profit Outlook Above Analysts' Estimate


Monday, 21 Jan 2013 07:00pm EST 

Xinhu Zhongbao Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by 65% to 85%, compared to the net profit of FY 2011 (RMB 1,407,209,000). The Company cited the impact of national control policy for real estate industry as the main reason for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 1,768.84 million.