LongiTech Smart Energy Holding Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2018
July 23, 2018 at 11:50 am
LongiTech Smart Energy Holding Limited provided consolidated earnings guidance for the six months ended 30 June 2018. The board of directors of the company informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2018 and the preliminary assessment by the company's management, the Group expects to record an increase in revenue of approximately 50% for the six months ended 30 June 2018 as compared to the corresponding period in 2017, and an increase in profit attributable to owners of the company of approximately 60% for the six months ended 30 June 2018 as compared to the
corresponding period in 2017. The estimated increases in revenue and profit are mainly attributable to the growth in smart energy and solar energy businesses, especially the photovoltaic home system.