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A-Power falls on weak results, China wind turbine woes

Thu, 08/26/2010 - 11:25am
Reuters

BANGALORE (Reuters) - Project delays in its home market hurt China's A-Power Energy Generation Systems Ltd's quarterly profit, signaling that the government's move to cool its overheating wind turbine market may dampen the company's results in the near term.

The Shenyang-based company did not recognize revenue from wind turbine sales in the second quarter due to delays in obtaining final permits for its 2.7 megawatt turbines.

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