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Heavy Electrical Equipment

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Jilin Jinguan Electric sees FY 2017 Q1 net profit to increase by 0 pct to 10 pct

Thursday, 23 Feb 2017 04:37am EST

Jilin Jinguan Electric Co Ltd <300510.SZ> : Sees net profit for Q1 of FY 2017 to increase by 0 percent to 10 percent, or to be 5.9 million yuan to 6.5 million yuan, compared to net profit of Q1 in FY 2016 (5.9 million yuan) .Says steady growth of core business as main reason for the forecast.

2G Energy reports orders on hand of EUR 91.2 mln as of Dec. 31

Thursday, 16 Feb 2017 01:53am EST

2G Energy AG <2GBG.DE>: As of Dec. 31, 2016, 2G reported orders on hand of 91.2 million euros ($96.74 million) (2015: 85.5 million euros; 2014: 42.3 million) . New business, meaning sum of orders that are part of backlog but are not yet in progress, stood at 53.7 million euros as of December 31, 2016 (2015: 52.0 million euros) .Against backdrop of surplus orders and customer demand running at a steady and healthy level, 2G has commenced fiscal year 2017 with positive prospects of growth in sales and earnings.

Crompton Greaves Dec-qtr consol loss narrows

Friday, 10 Feb 2017 06:44am EST

Crompton Greaves Ltd : Consol Dec quarter loss 314.5 million rupees . Consol Dec quarter total income from operations 12.44 billion rupees . Consol loss in Dec quarter last year was 3.18 billion rupees as per Ind-AS; consol total income from operations was 11.25 billion rupees . Consensus forecast for Dec quarter consol profit was 494.4 million rupees .Says co does not expect any adverse impact from the matter regarding the discontinued distribution franchise business.

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