ZhongDe Waste Technology AG
ZhongDe Waste Technology AG: Delays in completion of energy-from-waste plants lead to net loss for full year 2011
ZhongDe Waste Technology AG / Key word(s): Preliminary Results 30.03.2012 09:26 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Frankfurt, 30 March 2012 - According to preliminary unaudited results of the financial year 2011, the net loss of ZhongDe Waste Technology AG ('ZhongDe', 'the Company', Ticker symbol 'ZEF') amounted to approx. EUR 8 million. The net loss was mainly caused by delays in the completion process of energy-from-waste plants under construction. In 2010 net loss of the company was EUR 0.9 million. Even though the preliminary result is worse than expected, ZhongDe's net cash position of around EUR 117 million as at 31 December 2011 ensures the flexibility of ZhongDe in the fields of BOT investment and project finance. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Contact William Jiuhua Wang Executive Director and CFO E-Mail: william.jw@zhongdetech.com Ying Sun Assistant IR Manager Herriotstr. 1 60528 Frankfurt am Main Germany T: +49 69 67733 172 F: +49 69 67733 200 E-Mail: ying.sun@zhongde-ag.de Kirchhoff Consult AG Nicole Schüttforth Investor Relations Consultant T: +49 40 60 91 86 64 F: +49 40 60 91 86 60 E-Mail: nicole.schuettforth@kirchhoff.de 30.03.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ZhongDe Waste Technology AG Herriotstraße 1 60528 Frankfurt am Main Germany Phone: + 49 69 67733 172 Fax: + 49 69 67733 200 E-mail: ying.sun@zhongde-ag.de Internet: www.zhongde-ag.de ISIN: DE000ZDWT018 WKN: ZDWT01 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden