Chia Tai Enterprises International Limited Provides Preliminary Consolidated Earnings Guidance for the Nine Months Ended September 30, 2018
October 29, 2018 at 07:21 am EDT
Chia Tai Enterprises International Limited provided preliminary consolidated earnings guidance for the nine months ended September 30, 2018. The board of directors of the company announced that, based on preliminary information, the consolidated profit attributable to the shareholders for the nine months ended 30 September 2018 is expected to increase by approximately three quarters when compared to the corresponding amount of $10.7 million recorded for the nine months ended 30 September 2017. Such increase in consolidated profit was mainly attributable to an increase in share of profit of a joint venture - ECI Metro Investment Co Ltd. Due to growth in infrastructure investments in China, sales of Caterpillar machinery equipment by ECI Metro increased in the nine months of 2018.