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Tibet Summit Industry Co Ltd Announces FY 2012 Net Profit Outlook
Tibet Summit Industry Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be approximately RMB 73.40 million, compared to the net profit of FY 2011 (RMB -47,615,818.16). The Company cited the income from divesting asset and debts and income from loan interest waiver as the main reason for the forecast.
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