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Tianjin Binhai Teda Logistics (Group) Corp Ltd Comments On Q1 2013 Earnings Guidance


Tuesday, 23 Apr 2013 10:00am EDT 

Tianjin Binhai Teda Logistics (Group) Corp Ltd announced that for the first quarter of 2013, it expects to record a loss as compared to the profit recorded for the corresponding period in 2012, which is mainly due to: (i) affected by the adverse impact of the Sino-Japanese relations, in January to February 2013, the automobile logistics business continued the dramatic period on period decrease recorded in the fourth quarter of 2012. Although the business volume in March 2013 basically returned to normal, it could hardly compensate for the impact of the drastic decrease in business volume in January to February 2013; (ii) the Cold Chain Logistics Centre at Tianjin Port operated by Tedahang (Tianjin) Cold Chain Logistics Company Limited, a subsidiary of the Group, commenced operation in early 2013. The cold chain logistics business was only at its initial stage, resulting in a loss in the first quarter of 2013. 

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