Thursday, 2 Jun 2011

Anhui Annada Titanium Industry Co., Ltd. announced that it expects its net profit for the first half of fiscal year 2011 to be RMB 32.61 million to 39.14 million, or to increase by 150% to 200%, compared to that of the same period of fiscal year 2011 (RMB 13,046,000). The Company previously announced that it expected the profit to increase by 60% to 110%. The Company cited the increased price of its main products as the reason for the revision.