Northeast Electrical T&T Machinery releases earning warnings

Northeast Electrical T&T Machinery Mfg.(0042) declared that the half-year earnings ended June 30 would continue to suffer loss. The company pointed out that although the domestic electrical equipment market has been improved gradually and the orders are increasing, the keen market competition pushed the prices on a low level, and the core business and financial status in the first half have not seen turnaround yet. The specific loss figures will be disclosed on or before August 20 when the interim earnings is released.

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