Tongkun Group Co., Ltd. Provides Earnings Guidance for the First Quarter of 2018
March 29, 2018
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Tongkun Group Co., Ltd. provided earnings guidance for the first quarter of 2018. For the period, the company predicts that the net profit belonging to shareholders of the listed company in the first quarter of 2018 will be between RMB 483 million and RMB 520 million, with an increase of between 50.23% and 61.74% compared with the same period of 2017. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 157.16 million and RMB 194.16 million with an increase of between 49.76% and 61.47% compared with RMB 315.84 million in the same period of the year before.
TONGKUN GROUP CO., LTD. is principally engaged in the research, development, manufacture and distribution of civil-used polyester filaments. The Company primarily provides pre-oriented yarns (POYs), draw textured yarns (DTYs), full draw yarns (FDYs), polyethylene terephthalate (PET) chips, spinning oil, among others. Its products are applied primarily in the manufacture of apparels and household textile products. The Company distributes its products in domestic and overseas markets.