Qingdao Haier Co Ltd <600690.SS> :Says 9-month net profit up 6.5 percent y/y.
Elica SpA : Board appoints Antonio Recinella CEO, effective as of Nov. 1 .Francesco Casoli resigned as interim CEO on Aug. 25, remains executive chairman of the board.
Silverline Endustri : Decides to merge with units Silver Ankastre Mutfak Ürünleri and Gümüş-Mak Endüstri ve Ticaret through absorption .Sets exit right for shareholders at 1.284 lira per share.
Electrolux Ab : Electrolux sees positive fy2016 effect from lower raw materials costs of SEK 900 million versus previous forecast 750 million - pres. material . Electrolux sees 2016 FX effect of SEK -1.1 billion, unchanged from previous forecast - pres. material Further company coverage: [ELUXb.ST] (Stockholm Newsroom) ((firstname.lastname@example.org; +46 (0)8-700 10 10;)).
Joyoung Co., Ltd. <002242.SZ> : Sees net profit for 2016 to increase by 0 percent to 20 percent, or to be 620 million yuan to 744 million yuan . Says the net profit of 2015 was 620 million yuan .Comments that increased sales income is the main reason for the forecast.
Corrects numbers in first and second bullets. Company itself corrects its statement..Suzhou Hesheng Special Material Co Ltd <002290.SZ>: Expects net profit for 2016 to fluctuate by -20 percent to 20 percent, or to be 22.6 million yuan to 33.9 million yuan . Says the net profit of 2015 was 28.3 million yuan .Comments that decreased sales revenue is the main reason for the forecast.
Electrolux : Electrolux president and CEO Jonas Samuelson's comments on the results for the third quarter 2016 . Says we confirm our expectations of European market demand growth of 2-4 pct in 2016, however, likely in lower end of range . Says we now expect market demand for appliances in North America to grow by 3-4 pct in 2016 (prior forecast 4-5 pct) . Says market demand remained positive, although there are signs of weakening in some markets in Western Europe, including UK . Says private label sales in North America weakened, to a large extent driven by channel inventory reductions .Says North American market demand for core appliances was weak in first two months of quarter, followed by a strong September.
Arcelik As : A new JV agreement signed among Arcelik, Koc Holding, and LG Electronics, regarding the management and operations of Arçelik-LG Klima . New agreement will be effective until December 31, 2023 .Based on the agreement with LG Electronics, Arcelik will obtain the exclusive rights to sell LG branded commercial products excluding single unit CAC products in Turkey effective from April 2017.
Elec-tech International Co., Ltd. <002005.SZ> : Sees net profit for 2016 to increase by 0 percent to 50 percent, or to be 19.9 million yuan to 29.8 million yuan . Says the net profit of 2015 was 19.9 million yuan .Comments that increased investment return is the main reason for the forecast.
Nu-World Holdings Ltd : Audited condensed consolidated annual financial statements for the year ended Aug. 31 2016 and a dividend declarat . FY group revenue 2.59 bln rand up 20.0 pct . Dividend per share 180.4 cents up 10.3 pct . Total earnings per share for year under review increased by 13.6 pct to 488.4 cents (August 2015 - 430.1 cents) . FY HEPS 451.9 cents versus 428.6 cents .Corrective action has been taken in Australian operations to ensure return to profitability.