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Anhui Chaodong Cement Co Ltd Announces FY 2012 Net Profit Outlook Above Analysts' Estimate


Monday, 28 Jan 2013 07:00pm EST 

Anhui Chaodong Cement Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to decrease by 70% to 80%, compared to the net profit of FY 2011 (RMB 289,368,600). The Company cited the decreased sales price 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 84.64 million. 

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