Harbin Electric Company Limited Provides Earnings Guidance for the Year 2017
January 23, 2018 at 03:42 am EST
Harbin Electric Company Limited provided earnings guidance for the year 2017. For the year the net profit attributable to the owners of the parent company for 2017 is expected to record a significant decrease as compared to that of 2016, which is attributable to the higher provision of impairment of certain production-in-progress projects of the Company and its subsidiaries for the year 2017 as compared to that of 2016 and the impact of exchange rate fluctuations.