China Precision Steel (CPSL) Reports Preliminary FY08 Sales
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China Precision Steel, Inc. (Nasdaq: CPSL) today announced preliminary FY08 sales of $87.7 million, versus the analyst estimate of $75.41 million. The company also sees its gross margin for the year to be 25.6%, compared to 27.9% in FY07.
China Precision Steel, Inc., a steel processing company, engages in the manufacture and sale of high precision cold-rolled steel products in China.
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