Home / Metal News / Copper / Narada Power Net Profit Sets for 15%-45% Gain during Jan.-Sept.
Narada Power Net Profit Sets for 15%-45% Gain during Jan.-Sept.
Oct 15,2015 15:23CST
company news
Source:SMM
Narada Power is expected to achieve 128-161 million yuan ($ 20.1-25.3 million) in net profit in the first three quarters of 2015, up 15%-45% from a year ago, according to the company’s earnings foreca

SHANGHAI, Oct. 15 (SMM) – Narada Power is expected to achieve 128-161 million yuan ($ 20.1-25.3 million) in net profit in the first three quarters of 2015, up 15%-45% from a year ago, according to the company’s earnings forecast.  

In the third quarter, the company gained net profit of 47.38-80.7 million yuan, growing 35.31% YoY to 230.47%.

Anhui Huabo Renewable Resources Technology contributed 20-30 million yuan in net profit during Q3 after Narada Power acquired 51% stakes in the company. Net profit from those businesses, including backup power, storage power and motive lithium batteries used for new energy vehicles, posted a rise versus a year ago. However, business revenues from motive batteries registered large losses year on year because of fierce and persist price wars.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

 

Narada Power
net profit
motive batteries
lithium vatteries

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news