Naikun Wind Energy Group Inc. Reports Earnings Results for the Fiscal Year Ended September 30, 2012; Provides Earnings Guidance for the Fiscal Year 2013
January 15, 2013 at 04:05 am IST
Naikun Wind Energy Group Inc. reported earnings results for the fiscal year ended September 30, 2012. For the fiscal year ended September 30, 2012, the company incurred a net loss of $2.4 million or $0.06 per share, compared to $2.5 million or $0.06 per share for the year ended September 30, 2011.
For fiscal 2013 the company has budgeted cash expenditures of $1.2 million which, given the company's existing cash position, could sustain operations into 2015 and beyond.