HONG KONG — Northern New Energy Holdings Limited (“Northern New Energy” / the “Group;” stock code: 8246) has today announced a positive profit alert.
Based on information currently available, Northern New Energy is expected to record a substantial increase in the net profit for the year ended 31 December 2016, mainly attributable to (i) a substantial increase in total revenue and resulting profit of the Group mainly generated by the Group’s new energy business; and (ii) a decrease in the unaudited consolidated loss attributable to the Group’s catering business as a result of effective cost reduction and control measures plus having adopted an optimized business model.
Northern New Energy Holdings Limited, previously named Noble House (China) Holdings Limited, is listed in Hong Kong Stock Exchange Growth Enterprise Market (Stock code 8246) since 2011.
The Company is principally engaged in the new energy development business, research & development on its relevant technologies and construction engineering.
The Company also participated in the operation of restaurants, provision of management services, sale of processed food and seafood; and has expanded to property investment business. – BusinessNewsAsia.com