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Shanghai Jahwa United Co Ltd Announces FY 2012 Net Profit Outlook Above Analysts' Estimate

Friday, 18 Jan 2013 07:00pm EST 

Shanghai Jahwa United Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by approximately 70%, compared to the net profit of FY 2011 (RMB 361.25 million). The Company cited the increased sales income and investment income from its subsidiary as the main reasons for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 602.42 million. 

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