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Guangdong KinLong Hardware Products to swing to profit in Q1 FY 2017

Friday, 31 Mar 2017 05:18am EDT

Guangdong KinLong Hardware Products Co Ltd <002791.SZ> : Sees Q1 FY 2017 net profit to be 0 to 3 million yuan . Says Q1 FY 2016 net loss was 1.3 million yuan .The main reasons for the forecast are expanded business scale and decreased expenses.

Zhejiang Dragon Pipe Manufacturing sees Q1 2017 net profit up 43.2-93.2 pct

Friday, 31 Mar 2017 12:09am EDT

Zhejiang Dragon Pipe Manufacturing Co Ltd <002619.SZ>: Sees net profit for Q1 2017 to increase by 43.2 pct to 93.2 pct, or to be 41 million yuan to 55.3 million yuan, compared to net profit of the same period in 2016 (28.6 million yuan) .Comments that increased sales of game business in unit is the main reason for the forecast.

Sichuan Goldstone Orient New Material Equipment to swing to loss in FY 2017 Q1

Friday, 24 Mar 2017 03:02am EDT

Sichuan Goldstone Orient New Material Equipment Co Ltd <300434.SZ> : Sees net loss at 6.3 million yuan to 7 million yuan in FY 2017 Q1 versus net profit at 2.5 million in FY 2016 Q1 .Says material assets reorganization's broker fee included in the current profits and losses is main reason for the forecast.

Loyz Energy updates on restructuring proceedings commenced in U.S. by Ezra

Wednesday, 22 Mar 2017 05:28am EDT

Loyz Energy Ltd : Board notes that company and EZRA have a common substantial shareholder, Lionel Lee Chye Tek . Group does not have any business and financial dealings with ezra .Board does not expect EZRA restructuring proceedings to have material adverse impact on group in respect of bank loans and group's financial results for FY2017.

Beijing Hengtong Innovation Luxwood Technology to swing to profit in FY 2017 Q1

Tuesday, 21 Mar 2017 05:16am EDT

Beijing Hengtong Innovation Luxwood Technology Co Ltd <300374.SZ> : Sees to swing to net profit at 2 million yuan to 7 million yuan in Q1 of FY 2017 versus net loss at 4.5 million yuan year ago .The reasons for the forecast are increased projects of completion settlement and newly added recycling and renewable resources business.

Zhejiang Kaier New Materials sees Q1 FY 2017 net loss to be 0 to 5 mln yuan

Tuesday, 21 Mar 2017 04:17am EDT

Zhejiang Kaier New Materials Co Ltd <300234.SZ> : Sees Q1 FY 2017 net loss to be 0 to 5 million yuan . Says Q1 FY 2016 net profit was 10.8 million yuan .The reasons for the forecast are under construction of contract projects and initial manufacture stage for the new plant as well as marketing period for new products.

Beijing New Building Materials Public to merge investment unit; unit to invest in gypsum board production line project in Chongqing

Monday, 20 Mar 2017 01:40am EDT

Beijing New Building Materials Public Ltd <000786.SZ> : Says the co plans to merge its wholly owned Beijing-based investment firm for optimal management . The unit will be dissolved after transaction . Says its gypsum unit plans to invest in gypsum board production line project in Chongqing with annual output of 35 million yuan .Says total estimated investment of the project is 95.5 million yuan.

Fletcher Building updates on FY 2017 forecast

Sunday, 19 Mar 2017 03:36pm EDT

Fletcher Building Ltd : Company now expects operating earnings before interest, tax and significant items to be between NZ$610 million to NZ$650 million for FY 2017 . Now expected that construction division as a whole will report a loss at ebit level for FY2017 . Revised guidance is due to identification of additional estimated losses and downside risk in buildings and interiors ("B+I") business . Trading for Fletcher Building's other divisions remains in line with expectations previously discussed in first half earnings commentary ."Company remains comfortably within its banking covenants and target debt metrics and expects to continue to do so".

Geberit CEO says company committed to 50 to 70 pct payout ratio

Tuesday, 14 Mar 2017 05:11am EDT

Geberit Ag Christain Buhl said the plumbing supplies and shower toilet maker remains committed to a payout ratio of 50 percent to 70 percent. : Geberit CEO says most of synergies from sanitec acquisition acquisition achieved . Geberit CEO says declines comment on business at start to the year . Geberit CEO says sees growth in many european markets, sees no disturbance to business from elections . Geberit CEO says shortage of installers remains in Germany, not getting worse . Geberit CEO says buyback launched because company is and remains very cash generative . Geberit CEO says abolition of Obamacare in U.S. Could lead to uncertainties in hospital investments .Geberit CEO says nothing is planned on acquisitions.

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