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Anhui Chaodong Cement Co., Ltd Announces FY 2011 Net Profit Outlook Below Analysts' Estimates
Anhui Chaodong Cement Co., Ltd announced that it expects its net profit for fiscal year (FY) 2011 to grow by 300%, compared to that of FY 2010 (RMB 65,044,542.10). The Company cited the increased sales income as the main reason for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2011 to be RMB 304.76 million.
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