Key Developments: Sino Clean Energy Inc (SCEI.PK)
0.24USD
21 May 2013
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Latest Key Developments (Source: Significant Developments)
Sino Clean Energy Inc Lowers FY 2012 Revenue Guidance
Sino Clean Energy Inc announced that for the fiscal 2012, it expects revenue of between $125 million and $142 million, down from previous guidance of between $150 million and $168 million. This new guidance assumes total sales volume of 1.1 million to 1.2 million metric tons of CWSF in fiscal 2012. Full Article
Sino Clean Energy Inc Reiterates FY 2012 Guidance
Sino Clean Energy Inc reiterated fiscal 2012 guidance and expects revenue of between $150 million and $168 million, non-GAAP adjusted earnings to be in the range of $35 million to $40 million and adjusted earnings per share of between $1.35 and $1.54. This guidance assumes total sales volume of 1.3 million to 1.4 million metric tons of CWSF in fiscal 2012. Full Article
Sino Clean Energy Inc Issues FY 2012 Guidance
Sino Clean Energy Inc announced that for fiscal 2012, it expects revenue of between $150-$168 million and expects non-GAAP adjusted earnings to be in the range of $35-$40 million and adjusted earnings per share of between $1.35-$1.54. This guidance assumes total sales volume of between 1.3 million to 1.4 million metric tons of CWSF in fiscal 2012. Full Article
Sino Clean Energy Inc Reaffirms FY 2011 Guidance
Sino Clean Energy Inc announced that it reconfirms fiscal 2011 guidance and expects revenue of between $101.5-$110.7 million due to the Company's customer, Shenyang Haizhong Heating, resuming its operations in October. The Company expects Non-GAAP adjusted earnings to be in the range of $23.02 million to $24.80 million and full year adjusted earnings per share (EPS) of between $0.98and $1.06. Full Article
Sino Clean Energy Inc Reaffirms FY 2011 Revenue Guidance
Sino Clean Energy Inc reconfirmed its fiscal 2011 guidance and expected revenue of between $101.5 million and $110.7 million. Full Article
Sino Clean Energy Inc Announces Cooperation MOU With Nathalin Welstar Energy, Company Limited
Sino Clean Energy Inc announced that it has signed a Memorandum of Understanding (MOU) and a preliminary engineering, procurement, and construction (EPC) agreement with Nathalin Welstar Energy, Company Limited (Nathalin Welstar Energy or Nathalin) for cooperation in the construction of a coal water slurry plant in Thailand. Under the agreement, Nathalin would invest in a 50,000 metric ton coal water slurry fuel (CWSF) production facility and a minimum 6,000 KW net output electricity power plant along with associated infrastructure. Full Article
Sino Clean Energy Inc Lowers FY 2011 Guidance
Sino Clean Energy Inc adjusted its fiscal 2011 guidance and expects revenue of between $101.5 million and $110.7 million and Non-GAPP adjusted earnings to be in the range of $23.02 million to $24.80 million. The Company expects fiscal 2011 adjusted EPS of between $0.98 and $1.06. Full Article
Sino Clean Energy Inc To Control 60% Stake In Foshan Nan Hai CWSF Co., Ltd Through Acquisition Of 100% Stake I*n Crown Energy Limited
Sino Clean Energy Inc announced that it has entered into a non-binding, preliminary agreement to acquire 100% stake in Crown Energy Limited, an investment company registered in Hong Kong, which as its sole business holds a 60% stake in Foshan Nan Hai CWSF Co., Ltd. (Foshan Nan Hai). If after due diligence the Company decides to complete the acquisition, Sino Clean Energy will control a 60% stake in Foshan Nan Hai, a producer and distributor of CWSF in China. Full Article
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