Sino-German United AG Relocates Headquarters from Jena to Munich; Provides Earnings Guidance for the Full Year of 2016 and 2017
The company expects to generate initial, albeit small revenues in 2016. The goal is to generate profits from the resulting trade margins. In view of the necessary start-up costs, no profit is expected in the financial year 2016.
The company plans to achieve initial positive results in the financial year 2017, after the trading business has been successfully established in 2016.