Liuzhou Iron&Steel Co., Ltd Provides Earnings Guidance for the First Quarter of 2018
April 09, 2018
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Liuzhou Iron&Steel Co. Ltd. provided earnings guidance for the first quarter of 2018. For the quarter, the company estimates an increase of between RMB 748 million and RMB 1,012 million in the net profit belonging to shareholders of the company compared with the same period of the year before, with a year-on-year increase of between 368% and 499%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will increase by between RMB 747 million and RMB 1,011 million compared with the same period of the year before.
Liuzhou Iron & Steel Co Ltd is a China-based company mainly engaged in the production, processing and sales of steel products. The Company's products include cold-rolled coils, galvanized coils, hot-rolled coils, medium and thick plates, ribbed steel bars, high-speed wire rods, round bars, medium-sized bars, and others. The Company's products are widely used in automobiles, home appliances, petrochemicals, machinery manufacturing, energy and transportation, ships, bridges, construction, metal products, nuclear power, electronic instruments, medical equipment, kitchenware and sanitary ware, construction and decoration and other industries. The Company's products are exported to many countries and regions such as Southeast Asia, the United States, Europe and Africa.