Thursday, 7 Jul 2011

Ningbo Fubang Jingye Group Co., Ltd. announced that it expects its net profit for the first half of fiscal year 2011 to decrease by at least 50%, compared to that of same period last year (RMB 7,906,000.17). The Company cited the receiving of housing demolishment compensation as the main reason for last year's profit, while this situation does not exist this year.