Xingfa Chemicals dips on forecast of profit drop in 2009
BEIJING, Jan. 27 (Xinhua) -- Shares in tag heuer replica Hubei Xingfa Chemicals Group Co., Ltd., the largest phosphates producer in central China, plummeted 4.92 percent to close at 19.39 yuan (2.84 U.S. dollars) Wednesday after the company forecast a slump in annual replica breitling net profits last year.
In a statement filed to Shanghai Stock Exchange, Xingfa Chemicals said it expected net profits to drop by 50 percent to 100 percent from 295.2 million yuan Replica fendi wholesale in 2008.
The company attributed the profit drop to diminishing exports caused by the financial crisis.
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