nearing 1.35p to buy30 May 2018 12:23
results due next month, positive results expected (from last trading report).. 'The Company has performed well in 2017 and expects revenue to be in the order of RMB220 million (c. �24.7 million), significantly ahead of the revenue for the year to 31 December 2016 of RMB78.6 million (c. �8.85 million based on the current exchange rate). We are pleased to report that recent policy changes in China have stimulated domestic demand for increased ethanol production technology and, in turn, the technology and services provided by CNE. The Company enters the new year with a current order book and work in progress of approximately RMB122 million (c. �13.7 million).'
Mr Yu, Chairman of CNE, commented "2017 will be our second profitable year in a row, and with a strong order book and work in progress, we are confident of continued profitability in 2018".