Ningxia Building Materials Group Co., Ltd. Provides Earnings Guidance for the First Half of 2019
July 14, 2019
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Ningxia Building Materials Group Co., Ltd. provided earnings guidance for the first half of 2019. The company predicts that the net profit owned by shareholders of the company in the first half of 2019 will be between RMB 260 million and RMB 280 million, with an increase of between 82% and 82% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will be between RMB 237 million and RMB 258 million, with an increase of between 88% and 105% (based on the disclosed statistics according to relevant regulations).
NINGXIA BUILDING MATERIALS GROUP Co., Ltd is primarily engaged in the manufacture and distribution of cements and commercial concretes. The Companyâs products consist of cements, clinkers and commercial concretes, including 32.5 level, 42.5 level and 52.5 level and 62.5 level Portland cements, ordinary Portland cements, composite Portland cements, slag Portland cements, fly ash cements and road Portland cements, low heat Portland cements, sulphate resisting Portland cements and oil well cements, among others. The Company distributes its products under the brand names of Saima, Qingtongxia, Shuanglu, Liupanshan and Ningzhongning.