Tianjin Zhongxin Pharmaceutical Group Corp Ltd Announces FY 2012 Net Profit Outlook In Line With Analysts' Estimate


Monday, 28 Jan 2013 07:00pm EST 

Tianjin Zhongxin Pharmaceutical Group Corp Ltd announced that it expects its net profit for fiscal year (FY) 2012 to increase by 70% to 90%, compared to the net profit of FY 2011 (RMB 247,649,856.39). The Company cited the income from divesting equity shares of subsidiary and increased investment income from its joint venture as the main reason for the forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 424.80 million. 

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