Tianjin Binhai TEDA Logistics (Group) Corporation Limited provided group earnings guidance for the first quarter ended March 31, 2016. The Group may record a decrease in profit attributable to the owners of the company by approximately 50% to 60% for the first quarter ended March 31, 2016 as compared to that for the corresponding period in 2015. The Board considered that such decrease in profit is mainly due to the reason that under the background of the national industrial structural adjustment and de-capacity policy, the Group accordingly adjusted its business structure of bulk commodity procurement business and compressed the scale of the business, which resulted in periodic slump in the profit of material procurement business.
Tianjin Binhai Teda Logistics (Group) Corporation Limited
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8348
CNE1000009Z8
Air Freight & Logistics
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