Xinjiang Qingsong Building Materials and Chemicals (Group) Co Ltd Announces FY 2012 Q1 to Q3 Net Profit Outlook


Tuesday, 9 Oct 2012 08:00pm EDT 

Xinjiang Qingsong Building Materials and Chemicals (Group) Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2012 to decrease by 60% to 80%, compared to the net profit of the same period in FY 2011 (RMB 400,029,400). The Company cited the decreased sale price of cement in Xinjiang as the main reason for the forecast.