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Yuanda China Holdings Ltd gives FY 2013 earnings guidance


Wednesday, 15 Jan 2014 04:13am EST 

Yuanda China Holdings Ltd:Expects to return to profit for FY 2013, with an estimated net positive operational income flow of about 610 million Yuan.For the following primary reason a large portion of low-margin projects contracted by the company before (and including) 2011 were recognized as completed in the H1 of 2013.As for the income recognized in the H2 2013, there was an increase in the proportion of income from projects contracted after 2011.Therefore, the profit of the company increased in the H2 2013.The completion of the services contracts entered into in the second half of the year with Yuanda Group had made a positive contribution to the profits of the company for the second half of the year; and.During the H2 2013, the company adopted a series of measures to restore profits, including retrenching surplus employees, introducing cost control measures, improving payment collection and currency hedging, the effects of which have preliminary been seen. 

Company Quote

0.52
0.0 +0.00%
20 Aug 2014