That was managements best estimate given to me at that time, however GAAP accounting and the audit results reduced that number some. Some profit that was exepcted to be booked in 2010 was also delayed into 2011 as well I believe.
Warm Regards,
Chad Sykes
-----Original Message-----
From:
Sent: Thursday, April 14, 2011 04:42 PM
To: 'chad.sykes'
On 19 January Siaf wrote "The Company Expects to Maintain previous guidance", which meant a profit of 29 cents.
Today it seems that adj EPS is 25 cents.
I think that 4 cents is a very big difference.What is it that has happened?