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Zhejiang Chint Electrics Co Ltd Announces FY 2012 Net Profit Outlook Above Analysts' Estimate

Thursday, 24 Jan 2013 07:00pm EST 

Zhejiang Chint Electrics Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by approximately 40%, compared to the net profit of FY 2011 (RMB 824,262,800). The Company cited the increased sales income and gross profit rate, its effective cost control, and the changed consolidation scope as the main reasons for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 1,051.33 million. 

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