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Midas Holdings Ltd Issues FY 2012 Guidance

Thursday, 21 Feb 2013 04:46am EST 

Midas Holdings Ltd announced that for fiscal 2012, it expects to record a drop in its unaudited revenue and net profit as compared to fiscal 2011. This is mainly due to: Lower revenue; Higher operating expenses and finance costs; and Share of loss from its associated company, Nanjing SR Puzhen Rail Transport Co., Ltd. The Company reported revenue of CNY1.080 billion and net income of CNY187.36 million for fiscal 2011. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of CNY846.13 million, net income of CNY34.77 million for fiscal 2012. 

Company Quote

0.0050 +2.04%
26 Dec 2014