Befar Group Co., Ltd. Provides Earning Guidance in First Three Quarters of 2020
October 13, 2020
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Befar Group Co.,Ltd announced that the Company predicts a decrease of about RMB 107 million in its net profit owned by shareholders of the listed company in the first three quarters of 2020 compared with the same period of the year before and a year-on-year decrease of about 30.98%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by RMB 99 million compared with the same period of the year before, with a year-on-year decrease of about 30.25%.
Befar Group Co., Ltd. is a China-based company principally engaged in the production, processing and sales of chemical products. The Company's main products include caustic soda, propylene oxide, dichloropropane solvent, trichlorethylene, additives, fly ash bricks, raw salt and woven bags, among others. The Company's products are mainly used in light industry, chemical, textile, pharmaceutical, metallurgical and petroleum industries. The Company is also involved in the production and sales of electricity and steam through its subsidiaries. The Company mainly sells its products in domestic and overseas markets.