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Shanghai Great Wisdom Co Ltd Announces FY 2012 Q1 to Q3 Net Loss Outlook


Thursday, 11 Oct 2012 08:00pm EDT 

Shanghai Great Wisdom Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2012 to be RMB -125 million, or to decrease by approximately 240%, compared to the net profit of the same period in FY 2011 (RMB 86,413,200). The Company cited the increased investment expenses as the main reason for the forecast.