Befar Group Co., Ltd. Provides Preliminary Earnings Guidance for the Year 2017
January 25, 2018
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Befar Group Co., Ltd. provided preliminary earnings guidance for the year 2017. For the year, the company predicts a year-on-year increase of about RMB 470 million in its net profit owned by shareholders of the listed company in 2017, with a year-on-year increase of about 131% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by about RMB 490 million compared with the same period of the year before, a year-on-year increase of about 151%.
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.