China Integrated Energy Updates Guidance for the Year 2011
Today : Wednesday 27 July 2011
China Integrated Energy, Inc. (OTC Pink: CBEH, "China Integrated Energy" or the "Company"), a leading non-state-owned integrated energy company in the People's Republic of China, today updated its guidance for the year ending December 31, 2011.
Jeff Chan, Chief Financial Officer of China Integrated Energy, said, "For financial year 2011, the Company's sales are currently expected to be $497 million and net income is expected to be $41 million. At the beginning of 2011, the Company provided guidance for sales of $588 million and net income of $72 million.
Edited version of the news release today. See article for full text. EB
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