Nanjing OLO Home Furnishing Co., Ltd. Provides Earnings Guidance for the Year 2019
January 12, 2020
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Nanjing OLO Home Furnishing Co.,Ltd. provided earnings guidance for the year 2019. The company predicts that the net profit belonging to shareholders of the listed company in 2019 will be between RMB 142,563,700 and RMB 157,838,400 with an increase of between RMB 40,732,500 and RMB 56,007,200 compared with RMB 101,831,200 in the same period of the year before, with a year-on-year increase of between 40% and 55%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 123,219,600 and RMB 136,910,700 with an increase of between RMB 31,945,800 and RMB 45,636,900 compared with RMB 91,273,800 in the same period of the year before, with a year-on-year increase of between 35% and 50%.
Nanjing OLO Home Furnishing Co., Ltd. is a China-based company principally engaged in the design, research and development, manufacturing and sales of custom furniture products, as well as the provision of related services. The Company's main products include the integrated kitchen cabinets, custom wardrobes and full house custom furniture. The integrated kitchen cabinets solutions include the provision of overall kitchen style design, kitchen space planning, kitchen cabinets and appliances, as well as other ancillary products and related installation services. The full house custom furniture solutions include the overall design and space layout planning of living rooms, bedroom, study rooms and activity rooms, the supporting furniture and peripheral products, as well as related installation services.