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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tinci Hldgs | LSE:TNCI | London | Ordinary Share | HK0000034816 | ORD 1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 9146G Tinci Holdings Ltd 29 October 2008 FOR IMMEDIATE RELEASE 29 October 2008 TINCI HOLDINGS LTD TRADING STATEMENT The Directors of Tinci Holdings Ltd. ("the Company" or "Tinci") (TNCI), the AIM quoted environmental engineering company, provide an update to shareholders on the Company's current trading. Following the Company's return to profitability in the first six months to 30 June 2008, trading conditions have deteriorated considerably. Despite the general recognition that China needs to reduce the pollution produced by its power stations, a number of desulphurisation projects have been postponed or withdrawn due to power stations deferring capital expenditure. As a result, the number of projects available for Tinci to bid has reduced considerably. Tinci is taking appropriate steps to reduce its costs and is in the process of reviewing its management structure. However, the decline in sales will lead to a significantly reduced profit in the second half of 2008. The Directors expect Tinci's profit for the year ending 31 December 2008 to be similar to the profit for the six months to 30 June 2008. Mr Xu Jinfu, Chief Executive Officer of Tinci Holdings Ltd., commented: "Although 2008 began well, the power station market has become much more difficult as the year has gone on. There is no doubt that China needs to improve its record on protecting the environment and Tinci's work is central to reducing pollution from the country's power stations. We are disappointed that the profit for 2008 will be below expectations." ------------------------------------------------------------------------- ----------- ABOUT TINCI HOLDINGS LTD Tinci Holdings Ltd. is the parent company of Tinci Sanhe Environmental Engineering Co. Ltd., an environmental engineering company founded in October 2001, which is primarily involved in developing, manufacturing and installing flue gas desulphurisation (FGD) systems for reducing sulphur dioxide (SO2) emissions from coal-fired power stations and large industrial boilers in China. The Company's shares are traded on the AIM market of the London Stock Exchange under the symbol 'TNCI'. For further information on Tinci and on its various FGD technology processes, please visit www.tinciholdings.com or contact: Tinci Holdings Ltd David Steeds Tel: +44 (0)7836 578222 Joshua Cheng Tel: +1 512 577 4613 Hanson Westhouse Limited Tim Metcalfe Christine Zhang Tel: +44 (0) 20 7601 6100 This information is provided by RNS The company news service from the London Stock Exchange END TSTKKLBLVBBFFBQ
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