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Xinhu Zhongbao Co Ltd announces FY 2013 net profit outlook below I/B/E/S estimate

Friday, 10 Jan 2014 07:00pm EST 

Xinhu Zhongbao Co Ltd:Sees net profit for the fiscal year (FY) to decrease by 50 pct to 60 pct.Says the net profit of the same period in FY 2012 was 2,309.4316 million yuan.Says the reason for negative outlook is due to the decreased land development revenue.FY 2013 net income of 2,581.98 million yuan - Thomson Reuters I/B/E/S.