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Fangda Carbon New Material Co., Ltd. Announces FY 2011 Net Profit Outlook Below Analysts' Estimate
Fangda Carbon New Material Co., Ltd. announced that it expects its net profit for fiscal year (FY) 2011 to grow by more than 50%, compared to that of FY 2010 (RMB 405,906,871.82). The Company cited the increased production and sales, and better operating situation of subsidiaries as the main reasons for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2011 to be RMB 720.43 million.
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