Asian Star Anchor Chain Co., Ltd. Jiangsu Reports Earnings Results for the Half Year Ended June 30, 2019
August 28, 2019 at 09:47 pm IST
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Asian Star Anchor Chain Co., Ltd. Jiangsu announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 567.953 million compared to CNY 457.162 million a year ago. Operating income was CNY 51.618 million compared to operating loss of CNY 12.551 million a year ago. Net income was CNY 43.749 million compared to net loss of CNY 7.435 million a year ago. Basic earnings per share from continuing operations was CNY 0.0456 compared to basic loss per share from continuing operations of CNY 0.0077 a year ago.
Asian Star Anchor Chain Co Ltd Jiangsu is a China-based company mainly engaged in marine anchor chains, offshore oil platform mooring chains and mining chains. The Company's main products are marine anchor chains and accessories, offshore platform mooring chains and their supporting accessories, and mining chains and their supporting accessories. The anchor chains and mooring chain products produced by the Company are devices for maintaining the safety of ships and marine engineering facilities, and are components of offshore mooring positioning systems, and are supporting industries for the shipbuilding and marine engineering industries. The Company's mining chains are mainly used in mainstream domestic coal mining enterprises. The Company's products are exported to many countries and regions such as Japan, South Korea, Europe, and the United States.