Atlantic China Welding Consumables, Inc. Provides Earnings Guidance for the First Half 2018
July 24, 2018
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Atlantic China Welding Consumables, Inc. provided earnings guidance for the first half 2018. For the period, the company reported an increase of between RMB 20 million and RMB 25 million in the net profit belonging to shareholders of listed company with an increase of between 90% and 110% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 14 million and RMB 18 million, with an increase of between 75% and 95% compared with the same period of the year before.
Atlantic China Welding Consumables Inc is a company mainly engaged in the research and development (R&D), production and sales of welding materials products. The Company's products include welding rods, welding wires, such as solid wires, flux cored wires and non-ferrous wires, and fluxes and welding materials ore raw materials. The Company's products are used in the production of daily necessities, infrastructure construction and major equipment manufacturing. The Company's products are exported to many countries and regions, such as Kazakhstan, Kyrgyzstan, kazalman, Tajikistan, Tanga, Pakistan, Karachi, etc.