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Guangxi Fenglin Wood Industry Group Co Ltd Announces FY 2013 Q1 Net Profit Outlook


Wednesday, 10 Apr 2013 08:00pm EDT 

Guangxi Fenglin Wood Industry Group Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to be approximately RMB 4.5 million, compared to the net profit of the same period in FY 2012 (RMB -7,573,600). The Company cited the increased gross profit rate and decreased costs, as well as the value-added tax refund of its subsidiary, as the main reasons for the forecast. 

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