RE: Sensetalk13 Mar 2018 10:53
Saying the Ghana project hasn't started yet is like saying SOLG haven't found gold on the moon yet. Ghana and Zambia probably won't work out because of political instability. But so what? Africa isn't driving profits - China is!
From 2017 interims:-
"China New Energy Limited (AIM: CNEL), the engineering and technology solutions provider to the bioenergy sector,
announces its unaudited half-yearly results for the six months ended 30 June 2017.
Financial Highlights
 Revenue of RMB 68.76m (�7.73m) (H1 2016: RMB 45.4m (�5.11m)), which represents a 51% increase over
the same period last year
 Gross profit of RMB 16.6m (�1.87m) (H1 2016: RMB 16.2m (�1.82m))
 Net Profit of RMB 10.6m (�1.19m) (H1 2016: RMB 11.3m (�1.27m))
 Earnings per share of RMB 0.023 (0.26p) (H1 2016 RMB 0.029 (0.33p))
RMB8.89: GBP �1 used as an indicative exchange rate.
Yu Weijun, Chairman, commented:
�I am very pleased to report that, BASED ON CONTRACTS FROM CHINA (my capitals), the Company has had its third successive profitable half year and is demonstrating a return to sustained profitability. The bioenergy industry still faces many headwinds due to the low-oil price, however, regulatory changes are helping drive our domestic business. The company has a current order book and work in progress of RMB 255 million (c. �28.7m) to be fulfilled in 2017/18, and I am optimistic that the business outlook is for sustained revenue growth.
What's not to like there?