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Guangxi Fenglin Wood Industry Group issues FY 2014 Q1 net profit outlook

Friday, 4 Apr 2014 08:00pm EDT 

Guangxi Fenglin Wood Industry Group Co Ltd:Sees net profit for the first quarter of fiscal year (FY) 2014 to increase 160 pct to 190 pct.The net profit of the same period in FY 2013 was 4,530,000 yuan.Comments that increased income from refundable value-added tax, increased sales area and Huizhou-based wood company consolidated in financial statement as the main reasons for the forecast. 

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