Delong Holdings Limited provided earnings guidance for the first quarter ended March 31, 2016. For the period ended 31 March 2016 the Company expects to report a significant increase in net profit for the first quarter of 2016, a reversal from the net loss reported in fourth quarter of 2015. The increase in net profit is mainly due to higher sales volume amid tighter supplies following production cuts and mills closure in the PRC in 2015, and restocking by customers.

The expected increase in net profit is also partially attributable to lower raw materials prices for production in first quarter of 2016.