Tongkun Group Co., Ltd. Provides Earnings Guidance for the First Quarter of 2018
March 29, 2018
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Tongkun Group Co., Ltd. provided earnings guidance for the first quarter of 2018. For the period, the company predicts that the net profit belonging to shareholders of the listed company in the first quarter of 2018 will be between RMB 483 million and RMB 520 million, with an increase of between 50.23% and 61.74% compared with the same period of 2017. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 157.16 million and RMB 194.16 million with an increase of between 49.76% and 61.47% compared with RMB 315.84 million in the same period of the year before.
Tongkun Group Co Ltd is a China-based company principally engaged in the production and sales of chemical fibers. The Company operates in two segments. Chemical Fiber segment is mainly engaged in the production and sales of various types of civilian polyester filaments. Petrochemical segment is mainly engaged in the production of purified terephthalic acid (PTA) for chemical fiber raw materials. The Company's main products include polyester pre oriented yarn (POY), stretch textured yarn (DTY), fully stretched yarn (FDY), and polyethylene terephthalate (PET) chips. Its products are mainly used in the fields of clothing and home textiles. The Company's products are sold to domestic market and overseas markets.