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Ningxia Building Materials Group Co Ltd announces FY 2013 net profit outlook above I/B/E/S estimates

Thursday, 23 Jan 2014 07:00pm EST 

Ningxia Building Materials Group Co Ltd:Sees net profit for the fiscal year (FY) 2013 to increase by approximately 370 pct, compared to the net profit of the same period in FY 2012 (61.2406 million yuan).Says the reason for positive outlook is due to the increased sales of cement and concrete as well as the cost reduction.FY 2013 net income of 195.03 million yuan - Thomson Reuters I/B/E/S. 

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