Liuzhou Iron & Steel Co. Ltd. Provides Earnings Guidance for the Nine Months Ended September 2018
October 08, 2018
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Liuzhou Iron & Steel Co. Ltd. provided earnings guidance for the nine months ended September 2018. According to preliminary statistics of its financial department, the company predicts an increase of between RMB 1,836 million and RMB 2,162 million in its net profit owned by shareholders of the listed company from January to September in 2018 compared with the same period of the year before, with a year-on-year increase between 146% and 172%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 1,659 million and RMB 1,985 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.