Shandong Molong Petroleum Machinery (00568) said it revised upwards the profit forecast for the year ended 31 December 2014.
It is expected the company will turn losses into gains with net profit ranging from Rmb16 million to Rmb22 million, up from the previously estimated Rmb10 million to Rmb15 million, as compared to the net loss of Rmb175.72million for 2013.
The company said its continued operating performance growth is the main reasons for the revision of the forecast.
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