Brief: Silk Road Energy Services Says Inner Mongolia Yitai Coal Requested Co To Terminate All Coal Mine Services Offered By Latter

Inner Mongolia Yitai Coal Co

16/01/2020 15:00

Jan 16 (Reuters) - Silk Road Energy Services Group Ltd
 8250.HK :
    * INNER MONGOLIA YITAI COAL REQUESTED CO TO TERMINATE ALL
SERVICES
OFFERED IN RELATION TO COAL MINES OWNED BY INNER
    * NON-RENEWAL OF AGREEMENTS EXPECTED TO RESULT IN ABOUT 49%
DECREASE IN REVENUE FOR HY ENDING 30 JUNE 2020
    * NON-RENEWAL EXPECTED TO RESULT IN ABOUT 37% DROP IN GROSS
PROFIT
FOR 6 MONTHS ENDING 30 JUNE 2020
    * INNER MONGOLIA YITAI COAL WONT SEEK TO RENEW COAL MINING
SERVICES WITH GROUP POST EXPIRATION

Source text for Eikon:  ID:nHKS2mw9bm 
Further company coverage:  8250.HK 

 ((Reuters.Briefs@thomsonreuters.com;))