China Energy Development Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2019
August 19, 2019 at 12:16 pm
China Energy Development Holdings Limited provided earnings guidance for the six months ended June 30, 2019. The Group is expected to record (i) a significant decrease in the revenue for the six months ended 30 June 2019 by over 75% compared to the corresponding period last year and (ii) a loss for six months ended 30 June 2019 as compared to the profit for six months ended 30 June 2018, principally due to the non-recurrence of the one-off revenue recognition in six months ended 30 June 2018 of the natural gas sales for the years 2009-2017.