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Sichuan Golden Summit (Group) Co Ltd Revises FY 2012 Net Profit Outlook

Tuesday, 22 Jan 2013 07:00pm EST 

Sichuan Golden Summit (Group) Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be RMB 420 million to RMB 470 million, or to increase by 1100% to 1250%, compared to the net profit of FY 2011 (RMB 34,837,020.18). The Company previously announced that it expected the net profit to increase by more than 1300%. The Company cited the bad debt provision for its subsidiary as the main reason for the revision. 

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