Yongsheng Advanced Materials Company Limited Reports Unaudited Group Revenue Results for the Nine Months Ended September 30, 2015; Provides Group Earnings Guidance for the Nine Months Ended September 30, 2015
The company informed that based on the preliminary review of the unaudited financial data of the group for the period ended September 30, 2015, the group expects profit attributable to shareholders of the company to increase by more than 30% as compared to the corresponding period in 2014. Such improvement was mainly attributable to the increase in the group's overall gross profit, mainly contributed by the increase in the gross profit of the dyeing and processing business and the polyester filament yarn production business; and the increase in net finance income.