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Hunan Corun New Energy Co Ltd announces FY 2013 net profit outlook below analysts' estimate

Monday, 27 Jan 2014 07:00pm EST 

Hunan Corun New Energy Co Ltd:Sees net profit for fiscal year (FY) 2013 to be approximately 9 million yuan to 11 million yuan, compared to the net profit of FY 2012 (-57.94 million yuan).Says reduction in fixed cost, adjustment of business structure and disposal of assets are the main reasons for the forecast.FY 2013 net profit of 18.56 million yuan - Thomson Reuters I/B/E/S. 

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