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Nanjing Central Emporium (Group) Stocks Co Ltd announces FY 2013 net profit outlook below I/B/E/S estimates

Wednesday, 22 Jan 2014 07:00pm EST 

Nanjing Central Emporium (Group) Stocks Co Ltd:Sees net profit for the fiscal year (FY) 2013 to increase by approximately 899 pct, compared to the net profit of the same period in FY 2012 (58.0365 million yuan).Says the reason for positive outlook is due to the sales in real estate business and the cost reduction.FY 2013 net income of 536.26 million yuan - Thomson Reuters I/B/E/S.