Jinpan International Limited (Amex: JST) Releases Initial Forecasts for 2006
April 10 2006 - 12:28PM
PR Newswire (US)
ENGLEWOOD CLIFFS, N.J., April 10 /PRNewswire-FirstCall/ -- Jinpan
International Limited (JST), announced today that they expect to
continue their established 6 to 8 year trend of realizing 25% to
30% annual sales growth during 2006. Net Income is also expected to
increase at the same rate, between 25% to 30%, during year 2006.
The company will continue to implement cost cutting measures that
were established in 2005. The copper and transformer steel
materials are in the historical high now, the company will continue
to monitor raw material pricing and other cost to determine if
further action is needed. On other fronts the company has is
entering the final stages of their UL recognition program as they
have completed the majority of testing and are in working stages of
preparing a final submission. Also note worthy is the construction
of new facility, subject of a news release during November of last
year is reported to be on schedule for early October 2006
Completion. STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT
HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN
AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE
COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE
RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE
FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT
LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE: Jinpan
International Limited CONTACT: Mr. Mark Du, +1-201-227-0680 Web
site: http://www.jstusa.net/
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