Ad-hoc | 15 April 2011 16:18
ZhongDe Waste Technology AG / Key word(s): Preliminary Results
15.04.2011 16:18
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Frankfurt, 15 April 2011 - ZhongDe Waste Technology AG ('ZhongDe', 'the
Company', Ticker symbol 'ZEF'), a well-known player in the project
development and operation of large-scale energy-from-waste plants in China,
realized a small net loss for full year 2010 (2009: EUR 5.7 million).
This result reflects the delay of construction progress of current
large-scale energy-from-waste projects due to the delay of local government
approvals.
Due to the project delays, ZhongDe also expects the Q1 2011 results to be
below the results of Q1 2010.
However, in March 2011, Mr. Wen Jiabao, China's Prime Minister, announced
political measures to support the energy-from-waste plant construction in
China, which will accelerate the local government approvals.
So ZhongDe's management team is confident to be able to significantly
improve the financial performance in the coming quarters of 2011.
Contact
William Jiuhua Wang
Executive Director and CFO
E-Mail: william.jw@zhongdetech.com
Ying Sun
Assistant IR Manager
Herriotstr. 1
60528 Frankfurt am Main
Germany
T: +49 69 67733 172
F: +49 69 67733 200
E-Mail: ying.sun@zhongde-ag.de
Kirchhoff Consult AG
Nicole Schüttforth
Investor Relations Consultant
T: +49 40 60 91 86 64
F: +49 40 60 91 86 60
E-Mail: nicole.schuettforth@kirchhoff.de
15.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ZhongDe Waste Technology AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: + 49 69 67733 172
Fax: + 49 69 67733 200
E-mail: ying.sun@zhongde-ag.de
Internet: www.zhongde-ag.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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