Wednesday, 13 Jul 2011

BJ Oriental Yuhong Waterproof Tech Co. announced that it expects its net profit for the first half of fiscal year (FY) 2011 to be RMB 45,213,200 to RMB 52,169,100, or to increase by 30% to 50%, compared to that of the same period in FY 2010 (RMB 34,779,400). The Company previously announced that it expected the profit to increase by 50% to 70%. The Company cited the increased labor costs and other expenses as the main reason for the revision.