China Ming Yang Wind Power Group Limited (MY) announced its preliminary unaudited financial results for the first quarter ended March 31, 2012.
The company expects to incur a total comprehensive loss for the first quarter of 2012 between US$17.5 million and US$19.1 million.
Revenue for the first quarter of 2012 is expected to be between US$63.5 million and US$65.1 million, a decline of approximately 70% year-over-year due to delays in the installation and commission of its wind turbine generators on a number of wind farm projects, caused in part by adverse weather conditions, and a slowdown of overall market demand in China.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.