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Strategies & Market Trends : Greater China Junior Stocks

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To: ~digs who wrote (1258)	6/30/2006 10:05:20 AM
From: ~digs	Read Replies (1) of 1992

pattern failure for CLWT .. back to $3 and down roughly 20% Thursday, 4:34PM --Euro Tech Holdings reports FY05 results (CLWT) 3.80 +0.00 : Co reports results for the fiscal yr ended Dec 2005. Revenue fell 3.1% yr/yr to $31.3 mln. Net income was $733,000, up 23% yoy. There are no estimates. Co says it's in the process of shifting its emphasis from the distribution of instruments and equipment to engineering and manufacturing activities. "We have been experiencing a fall-off in revenues from our 'trading' activities as a substantial number of our suppliers have been selling their products into China directly and through other distributors besides Euro Tech....As China's desulphurization regulations become more stringent, especially for power plants in China that are viewed as major air polluters, Euro Tech is planning to further diversifying its business into air pollution control."

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