May 10 (Reuters) - Hardwoods Distribution Inc :Hardwoods announces record first quarter 2017 results.Q1 revenue, including rugby, increased 63.3% year-over-year to $257.1 million.Qtrly earnings per share $0.37.Hardwoods views trump administration tax proposals as generally good for us-based businesses.Anticipates continued modest organic growth in 2017, supported by solid market fundamentals.Hardwoods distribution-while about 11% of sales currently affected by antidumping trade case, dont expect to have significant,long-term impact on business.
April 18(Reuters) - Dehua TB New Decoration Material Co Ltd <002043.SZ>:.
April 17 (Reuters) - Btm Resources Bhd ::Entered into MOU with China Western Power International Pte Ltd and Sichuan No.2 Electric Power Construction.MOU for the establishment of a 435 million RGT municipal solad waste to energy generation plant in the state of Melaka.MOU not expected to have any material effect on earnings and gearing of the company for the financial year ending 31 december 2017.
Guangxi Fenglin Wood Industry Group Co Ltd <601996.SS> : Sees Q1 FY 2017 net profit to increase by 640 percent to 660 percent . Says Q1 FY 2016 net profit was 3.0 million yuan .The reasons for the forecast are increased profit from fiberboard business and increased sales revenue of shaving board.
Rentech Inc : Rentech announces preliminary selected unaudited results for fourth quarter and full year 2016 . Q4 revenue $40.4 million versus $37.3 million . Company also provided an update on its cost savings initiatives and liquidity . Rentech is completing its review of accounting for impairments and its tax provision . Rentech Inc - may have costs associated with idling Wawa facility and other events could arise that could increase our liquidity needs in 2017 . Rentech - may also need additional liquidity to fund corporate activities through Q1 of 2018 . Rentech - expects to report in 10-K substantial doubt about our ability to continue as a going concern over next twelve months through March 2018 . Rentech - now expect to achieve total consolidated annual SG&A expense savings of about $20 million, up from prior guidance of $12 to $15 million . Rentech - expect to achieve additional savings of approximately $6.5 million in 2017, excluding reorganization and transaction costs . Rentech - expects impairments, which are non-cash items, related to its Canadian pellet plants of $110 to $120 million . Rentech - company is still assessing impairments related to its Fulghum business . Rentech - in addition, co expects asset impairment relating to 2 mills for which a customer has indicated its intent to exercise its purchase option.
Jason Holdings Ltd : on 20 February 2017, company filed an application for court sanction of scheme . refers to proposed restructuring of jason holdings limited by way of a scheme of arrangement .Hearing for sanction application has been fixed to proceed on 15 march 2017..
Jason Holdings Ltd : Creditors under scheme present and voting on resolution either in person or by proxy have unanimously approved scheme proposed by company .In light of approval of scheme by scheme creditors, co will file application to court for sanction of scheme.
Sichuan Shengda Forestry Industry Co Ltd <002259.SZ> :Says it plans to sell forestry-related assets and debts, share trade to remain suspended.
Samko Timber Ltd : Undertaking a reorganisation of group structure . Reorganisation involves, amongst other things, a tax review of company's indonesian subsidiaries .Expected that group will write-off tax assets amounted to approximately rp83 billion in nine-month period ended 30 september.
Sichuan Shengda Forestry Industry Co., Ltd.<002259.SZ>:Says it plans to dissolve Tianjin-based wood industry sub-subsidiary.