Freetech Road Recycling Technology (Holdings) Limited provided earnings guidance for the six months ended 30 June 2014. The group is expected to record a significant decline in profit as compared to that for the corresponding period in the previous year, notwithstanding that the company expects the total area serviced of the asphalt pavement maintenance services segment for the same period remains stable. Such expected significant decline in profit was mainly attributable to: significant decrease in revenue of APM equipment segment due to the number of new joint venture being set up and the number of modular series being sold were significantly declined; decrease in gross profit margin of APM services segment due to part of the APM services project was performed in lower selling price area; and increase in operating costs.
Freetech Road Recycling Technology (Holdings) Limited
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6888
KYG3728H1002
Construction & Engineering
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Mar. 28 | Freetech Road Recycling Technology Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Mar. 08 | Freetech Road Recycling Forecasts Return to Profit in 2023 | MT |
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- Freetech Road Recycling Technology Limited Provides Earnings Guidance for the Six Months Ended 30 June 2014