China Shengda (CPGI) Cuts FY11 Net Income Outlook, Raises Sales Guidance

China Shengda Packaging Group Inc. (Nasdaq: CPGI) is revising its financial guidance for the year ending December 31, 2011 as follows:

• Revs move from $115 - $125 million to $120 - $130 million. The Street sees $126.0 million; and
  
  
• Net Income from $11.5 - $12.5 million to $9.5 - $10.5 million.

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