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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: China Galaxy Securities Co., Ltd

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Loncin Motor Co Ltd Announces FY 2013 Q1 Net Profit Outlook

Tuesday, 2 Apr 2013 08:00pm EDT 

Loncin Motor Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to increase by approximately 60%, compared to the net profit of the same period in FY 2012 (RMB 82,381,800). The Company cited the increased sales of general power machinery equipment in American market and optimized product structure as the mains reason for the forecast.