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India

Heavy Electrical Equipment

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Kone Upgrades 2020 Outlook On Better-Than-Expected Development In Q3

Tuesday, 22 Sep 2020

Sept 22 (Reuters) - Kone Oyj ::KONE UPGRADES ITS BUSINESS OUTLOOK FOR 2020 FOLLOWING BETTER THAN EXPECTED DEVELOPMENT IN THE THIRD QUARTER.KONE'S NEW EQUIPMENT SALES HAVE CONTINUED TO GROW IN Q3 DRIVEN BY HIGH LEVEL OF ACTIVITY IN CHINA.SERVICE SALES HAVE SEEN IMPROVING MOMENTUM COMPARED TO Q2.ADJUSTED EBIT HAS DEVELOPED BETTER THAN EXPECTED SUPPORTED BY POSITIVE DEVELOPMENT IN SALES.KONE NOW ESTIMATES THAT IN 2020, ITS SALES GROWTH WILL BE IN RANGE OF -1% TO 2% AT COMPARABLE EXCHANGE RATES AS COMPARED TO 2019.ADJUSTED EBIT MARGIN IS EXPECTED TO BE IN RANGE OF 12.1% TO 12.7%..FOR FULL YEAR, FOREIGN EXCHANGE RATES ARE ESTIMATED TO IMPACT ADJUSTED EBIT NEGATIVELY BY AROUND EUR 50 MILLION.NEW EQUIPMENT MARKET IS EXPECTED TO GROW IN CHINA AND TO DECLINE IN OTHER REGIONS AS A RESULT OF INCREASED UNCERTAINTY RELATED TO COVID-19 PANDEMIC.

Mecelec Composites : H1 Net Loss Group Share 0.1 Million Euros Versus Profit 0.5 Million Euros Year Ago

Monday, 21 Sep 2020

Sept 21 (Reuters) - MECELEC COMPOSITES SA ::H1 NET LOSS GROUP SHARE EUR 0.1 MILLION VERSUS PROFIT EUR 0.5 MILLION YEAR AGO.ORDER BOOK STANDS AT €7.7M, DRIVEN IN PARTICULAR BY THE RAIL SECTOR. IN THE FIRST HALF OF 2019, THE ORDER BOOK STOOD AT €7.3M.H1 OPERATING PROFIT EUR 0 MILLION VERSUS EUR 0.7 MILLION YEAR AGO.FINANCIAL STRUCTURE REMAINS SOLID, WITH SHAREHOLDERS' EQUITY OF €10.3M AND NET DEBT OF €4.9M, INCLUDING THE STATE-GUARANTEED LOAN OBTAINED IN JUNE 2020.

India's Indo Tech Transformers June Quarter Loss Widens

Tuesday, 15 Sep 2020

Sept 15 (Reuters) - Indo Tech Transformers Ltd ::JUNE QUARTER LOSS AFTER TAX 50.7 MILLION RUPEES VERSUS LOSS 8.6 MILLION RUPEES YEAR AGO.JUNE QUARTER REVENUE FROM OPERATIONS 164.2 MILLION RUPEES VERSUS 405.5 MILLION RUPEES YEAR AGO.

Transformers And Rectifiers (India) Posts June Qtr Consol Net Loss

Monday, 14 Sep 2020

Sept 14 (Reuters) - Transformers and Rectifiers (India) Ltd ::JUNE QUARTER CONSOL NET LOSS 35.1 MILLION RUPEES VERSUS PROFIT 4.3 MILLION RUPEES YEAR AGO.JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 1.15 BILLION RUPEES VERSUS 1.73 BILLION RUPEES YEAR AGO.

India's Bharat Heavy Electricals June-Qtr Net Loss Widens

Friday, 11 Sep 2020

Sept 11 (Reuters) - Bharat Heavy Electricals Ltd ::JUNE-QUARTER NET LOSS 8.97 BILLION RUPEES VERSUS LOSS 2.16 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE-QUARTER LOSS WAS 7.1 BILLION RUPEES -- REFINITIV DATA.JUNE-QUARTER TOTAL REVENUE FROM OPERATIONS 19.91 BILLION RUPEES VERSUS 45.32 BILLION RUPEES YEAR AGO.

2G Energy H1 EBIT Down At EUR 2.3 Mln

Thursday, 10 Sep 2020

Sept 10 (Reuters) - 2G ENERGY AG <2GBG.DE>::NET SALES OF 85.6 MILLION EURO AT HALF-YEAR CLOSING DATE ARE STILL BELOW PRIOR YEAR'S LEVEL (EUR 95.8 MILLION).H1 EBIT OF EUR 2.3 MILLION (H1 2019: EUR 2.9 MILLION).NO CHANGES TO PLANNING FOR FISCAL YEAR 2020 AND MEDIUM-TERM OUTLOOK.H1 EBIT MARGIN OF 2.7% (H1 2019: 3.0%).2G SUCCEEDED IN ACQUIRING NEW ORDERS TOTALLING EUR 94.9 MILLION (PREVIOUS YEAR: EUR 82.0 MILLION) BY END OF JULY.

Schneider Electric Infrastructure - Names Mayank Holani As CFO

Wednesday, 9 Sep 2020

Schneider Electric Infrastructure Ltd ::SCHNEIDER ELECTRIC INFRASTRUCTURE - NAMES MAYANK HOLANI AS CFO.SCHNEIDER ELECTRIC INFRASTRUCTURE- ARNAB ROY CEASES TO BE CFO.

Shanghai Electric Group Says Thvow Technology Approved To Transfer 100% Stake In Thvow Enke

Wednesday, 9 Sep 2020

Sept 9 (Reuters) - Shanghai Electric Group Co Ltd <601727.SS>::THVOW TECHNOLOGY APPROVED TO TRANSFER 100% STAKE IN THVOW ENKE TO PACIFIC MECHATRONIC.ESTIMATED CONSIDERATION OF RMB215.7 MILLION.

Harju Elekter Wins Tender In Finland

Tuesday, 1 Sep 2020

Sept 1 (Reuters) - Harju Elekter AS ::SAYS FINNKUMU OY GROUP'S FINNISH MANUFACTURING COMPANY WINS JOINT PROCUREMENT OF JÄRVI-SUOMEN ENERGIA OY AND SAVON VOIMA VERKKO OY.SAYS THE ESTIMATED VOLUME OF THE CONTRACT IS EUR 18.0 MILLION AND DELIVERIES WILL TAKE PLACE FROM 2021 TO 2023 WITH OPTION OF FOUR YEARS.

Fullshare Holdings Says HY Loss Attributable RMB644.8 Mln

Monday, 31 Aug 2020

Aug 31 (Reuters) - Fullshare Holdings Ltd <0607.HK>::HY LOSS ATTRIBUTABLE RMB644.8 MILLION VERSUS LOSS OF RMB2.64 BILLION.HY REVENUE RMB5.78 BILLION VERSUS RMB 4.80 BILLION.OPERATIONS OF CO, ESPECIALLY HOTEL, COMMERCE & TOURISM SEGMENTS, MAY FURTHER SUFFER ADVERSE EFFECTS IN H2 DUE TO IMPACT OF COVID-19.

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