Northern New Energy Announces Positive Profit Alert

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Feb 09, 2017 19:55 JST

Source: Northern New Energy Holdings Limited

Northern New Energy Announces Positive Profit Alert

HONG KONG, Feb 09, 2017 - (ACN Newswire) - Northern New Energy Holdings Limited ("Northern New Energy" / the "Group;" stock code: 8246) has today announced a positive profit alert.

Based on information currently available, Northern New Energy is expected to record a substantial increase in the net profit for the year ended 31 December 2016, mainly attributable to (i) a substantial increase in total revenue and resulting profit of the Group mainly generated by the Group's new energy business; and (ii) a decrease in the unaudited consolidated loss attributable to the Group's catering business as a result of effective cost reduction and control measures plus having adopted an optimized business model.

Contact:

Strategic Financial Relations Limited
Keris Leung  +852 2864 4863  keris.leung@sprg.com.hk
Fanny Yuen   +852 2864 4853  fanny.yuen@sprg.com.hk 
Jeffrey Tam  +852 2864 4858  jeffrey.tam@sprg.com.hk

Source: Northern New Energy Holdings Limited
Sectors: Daily Finance, Energy, Alternatives, Daily News

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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