Zhongde Waste Technology Ag Reports Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014
The company expects improved operating results for the full year 2014, although still leading to a loss before taxes. The completion of the two BOT projects Zhoukou and Xianning has been postponed from 2014 to 2015, since it has become apparent during the trial-run phases that additional adjustment works are needed due to new government requirements. Furthermore, the trial operations in the BOTproject in Kunming are expected to start in the first quarter of 2015. ZhongDe also plans to finalise the two existing EPC projects Zhucheng and Dingzhou in 2015.