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Shanghai Mechanical & Electrical Industry Co Ltd issues H1 2014 net profit outlook

Thursday, 17 Jul 2014 08:00pm EDT 

Shanghai Mechanical & Electrical Industry Co Ltd:Sees net profit outlook for H1 of 2014 to increase about 60 pct.Says the net profit of H1 of 2013 was 284,170,982.26 yuan.Comments that steady increase in elevator business and the low base line of last same period due to negative effect of judicial restructuring are the main reasons for the forecast. 

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