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Shaanxi Broadcast & TV Network Intermed. announced that it expects the net profit for fiscal year 2008 to increase by over 80%, compared to that of fiscal year 2007 (RMB 41,009,800). The Company cited acquisition of other companies as the reason for the change. According to Reuters Estimates, analysts were expecting the Company to earn RMB 3.94657 billion for the same period. The Company also announced that it will apply to Nandajie Sub-branch of China Everbright Bank on a short-term loan of RMB 20 million and to Xishaomen Sub-branch of Bank of Communications on a comprehensive credit line of RMB 150 million. |