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Chongqing Iron & Steel Co Ltd Announces FY 2012 Net Profit Outlook Above Analysts' Estimates


Monday, 28 Jan 2013 07:00pm EST 

Chongqing Iron & Steel Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be approximately RMB 100 million, compared to that of FY 2011 (RMB -1471.082 million). The Company cited the increased subsidy as the main reason for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB -1,045 million.