Fufeng Group Limited (HKG:0546) Announce an SWS Research Report - GPM Dropped Due To Rising Costs Of Raw Materials, 2010

  Hong Kong, China, Aug 20, 2010 - (ABN Newswire) - Fufeng Group Limited (HKG:0546) (PINK:FFNGY) announced its 1H10 results yesterday, and they came in slightly below our expectation. The revenue was RMB2.99B (45.4% YoY growth) which is slightly higher than our forecast of RMB2.98B. The basic EPS was RMB0.277 (30% YoY growth) which is slightly lower than our forecast of RMB0.287. The GMP was 24.8% (1H09:28.  

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