Brief: Harbin Electric Expects To Record A Significant Decrease In FY Net Profit

Harbin Electric

25/01/2019 12:21

Jan 25 (Reuters) - Harbin Electric Co Ltd  1133.HK :
    * NET PROFIT OF GROUP ATTRIBUTABLE IN 2018 IS EXPECTED TO
RECORD A
SIGNIFICANT DECREASE
    * REVENUE OF GROUP FOR FY2018 LIKELY RECORDED A YEAR-ON-YEAR
DECREASE
    * FY REVENUE TO FALL BECAUSE MOST OF INTERNATIONAL
ENGINEERING
PROJECTS OF GROUP WERE AT THEIR INITIAL OR FINAL PHASES IN 2018
    * EXPECTED RESULT ALSO DUE TO A REDUCTION IN PRODUCTION
VOLUME OF
POWER GENERATING EQUIPMENT IN 2018

Source text for Eikon:  ID:nHKS7MshWH 
Further company coverage:  1133.HK 

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