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Kingray New Materials Science & Technology Co Ltd announces FY 2013 net profit outlook

Monday, 27 Jan 2014 07:00pm EST 

Kingray New Materials Science & Technology Co Ltd:Sees net profit for fiscal year (FY) 2013 to be increase by approximately 310 pct, compared to the net profit of FY 2012 (2,290,986.57 yuan).Says sale of 55 pct stake in electronics subsidiary, subsidies received and new company consolidated in financial settlement are the main reasons for the forecast.FY 2013 net profit of 12,860,000 yuan - Thomson Reuters I/B/E/S. 

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