Brief: China Recycling Energy issues preliminary Q4 highlights

Smart Powerr

22/01/2015 13:30

Jan 22 (Reuters) - China Recycling Energy Corp  CREG.O : 
 * Issues preliminary fourth quarter and full year 2014 financial highlights 
 * Sales of systems are anticipated to be US$0 for Q4, compared with US$12.9 
   million in the same period of 2013 
 * Says net income for the fourth quarter of 2014 is anticipated to be US$3.6 
   million, a decrease of 14.3% 
 * Says for the full year of 2014, sales of systems are anticipated to be 
   US$18.9 million 
 * Says for full year of 2014, net income is anticipated to be US$18.0 million, 
   increase of 15.2% 
 * Completion of Shandong Boxing Project was delayed because suppliers could not 
   deliver some equipment in timely manner 
 * For full year 2014, interest income on sales-type leases anticipated to be 
   US$26.4 million, increase of 36.3% from 2013 
 * Says company now expects that the Shandong Boxing Project will be completed 
   in the second quarter of 2015 
 
* Source text for Eikon  ID:nPn7KWFGy  
 
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