Liuzhou Iron & Steel Co., Ltd. Provides Earnings Guidance for the First Quarter of 2020
April 14, 2020
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Liuzhou Iron & Steel Co., Ltd. provided earnings guidance for the first quarter of 2020. For the quarter, the Company predicts a decrease of between RMB 208 million and RMB 255 million in its net profit owned by shareholders of the listed company in the 1st quarter of 2020 compared with the same period of the year before, with a year-on-year decrease of between 54.31% and 66.58% (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 between RMB 210 million and RMB2 57 million compared with the same period of the year before.
LIUZHOU IRON&STEEL CO., LTD is a China-based company principally engaged in the manufacture, processing and distribution of iron and steel products. The Company mainly provides medium plates, small profiles, medium profiles, steel billets and others. The Company's products consist of ordinary steel billets, ship building plates, ordinary steel plates, alloyed steel billets, bars, wire rods and others. The Company also provides chemical products and coke oven gas. The Company distributes its products in domestic market and to overseas markets.