Friend Co.,Ltd. Announces Earnings Results for the Six Months Ended June 30, 2020
September 01, 2020 at 01:09 am
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Friend Co.,Ltd. announced earnings results for the six months ended June 30, 2020. For the period, the company announced sales was CNY 2,471.910 million compared to CNY 2,481.235 million a year ago. Operating income was CNY 156.751 million compared to CNY 174.168 million a year ago. Net income was CNY 112.421 million compared to CNY 130.415 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.36 a year ago.
Friend Co Ltd is a China-based company that provides complete steel logistics supply chain services for mid- to high-end automotive, home appliance and other industries or their supporting manufacturers. Its supply chain services include procurement, processing, warehousing, cutting, packaging, transportation and distribution, etc., as well as corresponding technical support services. The Company's products are divided into processing and distribution steel and non-processing and distribution steel, including galvanized steel, cold rolled steel, hot rolled steel, electrical steel, color coated steel and other steel coils or sheets. Its related products are used in the production of metal parts such as high-end automobiles and home appliance manufacturing. The Company mainly conducts its businesses in the China market.
FRIEND CO.,LTD. 
