Zhejiang Haiyue Co., Ltd. Provides Preliminary Earnings Guidance for the Year 2017
January 21, 2018
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Zhejiang Haiyue Co. Ltd. provided preliminary earnings guidance for the year 2017. For the year, the company predicts the net profit belonging to shareholders of the listed company in 2017 will be between RMB 125 million and RMB 145 million, which is expected to increase by between RMB 85 million and RMB 105 million with an increase of between 213% and 263% 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 be between negative RMB 23 million and negative RMB 43 million, which is expected to decrease by between RMB 6 million and RMB 26 million with a decrease of between 35% and 153% compared with the same period of the year before.
HY Energy Group Co.,Ltd, formerly ZHEJIANG HAIYUE CO., LTD, is a China-based company, principally engaged in the production of propylene, iso-octane and Methyl Ethyl Ketone, and the storage, wholesale and retailing of naphtha and diesel oil and liquefied gas. The Company is also engaged in commodities distribution, road toll collection and housings leasing businesses. The Company distributes its products within domestic market and to overseas markets.