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Harbin Churin Group Jointstock Co Ltd Announces FY 2012 Net Profit Outlook
Harbin Churin Group Jointstock Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by 210% to 240%, compared to the net profit of FY 2011 (RMB 26.99 million). The Company cited the widened scope of consolidation, increased non-operating income and decreased asset impairment loss as the main reasons for the forecast.
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