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Shanghai Sanmao Enterprise Group Co Ltd Announces FY 2013 Q1 to Q3 Net Profit Outlook

Tuesday, 15 Oct 2013 08:00pm EDT 

Shanghai Sanmao Enterprise Group Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2013 to be approximately RMB -8.9 million, or to decrease by approximately 135%, compared to the net profit of the same period in FY 2012 (RMB 25,280,000). The Company cited the decreased sales and decreased government's subsidy as the main reasons for the forecast. 

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