ZIBO QIXIANG TENGDA CHEMICAL CO., LTD. announced that it expects its net profit for the first half of fiscal year (FY) 2011 to increase by 150% to 160%, compared to that of the same period in FY 2010 (RMB 134,438,280.02). The Company previously announced that it expected the profit to increase by 120% to 150%. The Company cited the increased sale price of its main products as the main reason for the revision.

Source:Reuter