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Fujian Dongbai (Group) Co Ltd Announces FY 2012 Net Profit Outlook Below Analysts' Estimate


Thursday, 10 Jan 2013 07:00pm EST 

Fujian Dongbai (Group) Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be RMB 550 million, or to decrease by 80% to 90%, compared to the net profit of FY 2011 (RMB 321,904,343.40). The Company cited decreased sales income from its department store business, decreased gross profit rate, and increased expenses as the main reasons for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 112.04 million.