China Renewable Energy Investment Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2011
March 13, 2012 at 11:04 am EDT
The board of directors of the China Renewable Energy Investment Limited announced the shareholders of the company and potential investors that the Group is expected to record a significant reduction in the unaudited consolidated profit for the year ended December 31, 2011 as compared to that for the year ended December 31, 2010. The reduction was largely the result of the absence of significant one-off gain in 2011 whereas the Group was boosted in 2010 by the one-off gain, amounted to HKD 386.55 million, occurred in business acquisition in 2010.