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Wolong Electric Group Co Ltd Announces FY 2013 Q1 Net Profit Outlook


Monday, 8 Apr 2013 08:00pm EDT 

Wolong Electric Group Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to be RMB 52 million to RMB 56 million, or to increase by 968% to 1,050%, compared to the net profit of the same period in FY 2012 (RMB 4,876,098.35). The Company cited the increased sales and profitability of its main products and increased non-operating income as the main reason for the forecast. 

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