Kingdee (HKG:0268) Sees Significant Fall of 2011 Profit


Kingdee International Software Group (HKG:0268) expects its operating profit for the year ended 31 December 2011 to decrease significantly as compared with the corresponding period in 2010.

The estimated decrease was primarily due to the increase in costs and expenses arising from the group's proactive strategic investment and business expansion, and the postponement in expenditure of software and related service by China's small and medium size enterprises in the second half of year 2011.

The company expects to release its audited annual results before the end of March 2012.

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