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Hainan Zhenghe Industrial Group Co Ltd Announces FY 2012 Net Profit Outlook

Monday, 28 Jan 2013 07:00pm EST 

Hainan Zhenghe Industrial Group Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by approximately 220%, or to be RMB 370 million to RMB 390 million, compared to the net profit of FY 2011 (RMB 117,419,400). The Company cited the increased investment income from divesting equity shares of a joint venture, and increased return on investment of a real estate project developed by its wholly owned subsidiary as the main reason for the forecast.