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China Environmental Energy Investment Ltd Comments On FY 2013 Profit Guidance

Monday, 17 Jun 2013 07:15am EDT 

China Environmental Energy Investment Ltd expects to record a substantial loss for fiscal 2013 as compared to the profit for fiscal 2012. The Board believes that the substantial loss was primarily attributable to loss on valuation of financial liabilities, impairment loss on available-for-sale investment and goodwill and decrease in revenue and profit margin of the recycling business. 

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