Kong Sun Hold(00295)expects '17 profit to rise 82.5% X
13/02/2018 18:26
(Infocast News)   Kong Sun Holdings Limited (00295) said that  that, based on preliminary review of the Group’s unaudited management accounts for the year ended 31 December 2017, the Group is expected an increase in net profit by not
less than approximately 82.5% from approximately RMB54.804 million for the year ended 31 December 2016 to not less than RMB100 million for the year ended 31 December 2017.

The increase in expected net profit is mainly attributable to, among other things, (i) increase in aggregate volume of electricity generated by the Group by approximately 86.7% from approximately 838,937 megawatt-hour for the year ended 31 December 2016 to approximately 1,566,354 MWh for the year ended 31 December 2017; and (ii) increase in revenue from sales of electricity by not less than approximately 116.4% from approximately RMB554,416,000 for the year ended 31 December 2016 to not less than RMB1,200 million for the year ended 31 December 2017.  (SY)

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