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HONG KONG, Feb 9, 2017 - (ACN Newswire) - Northern New Energy Holdings Limited ("Northern New Energy" / the "Group;" stock code: 8246) has today announced a positive profit alert.
Based on information currently available, Northern New Energy is expected to record a substantial increase in the net profit for the year ended 31 December 2016, mainly attributable to (i) a substantial increase in total revenue and resulting profit of the Group mainly generated by the Group's new energy business; and (ii) a decrease in the unaudited consolidated loss attributable to the Group's catering business as a result of effective cost reduction and control measures plus having adopted an optimized business model.
Contact:
Strategic Financial Relations Limited
Keris Leung +852 2864 4863 keris.leung@sprg.com.hk
Fanny Yuen +852 2864 4853 fanny.yuen@sprg.com.hk
Jeffrey Tam +852 2864 4858 jeffrey.tam@sprg.com.hk
Topic: Press release summary
Source: Northern New Energy Holdings Limited
Sectors: Daily Finance, Energy, Alternatives, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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