Brief: Sino-German United completes capital increase, comments on outlook

Sino German United AG

22/06/2016 09:46

June 22 (Reuters) - Sino German United AG  GEBk.F : 
    * Sino-German United successfully completes capital increase - launch of new business 
    * Capital increase from 0.3 million euros to 1.8 million euros ($2.03 million) 
    * SGU has already generated its first sales revenue in 2016 
    * Sino-German United strives to become profitable at sales above break-even point in 
financial year 2017 
    * We do not expect a profit in fiscal year 2016. For 2017 and subsequent years, we aim to be 
profitable 
 
Source text for Eikon:  ID:nEQRM5Yla  
Further company coverage:  GEBk.F  
 
($1 = 0.8870 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))