China Tungsten and Hightech Materials' net profits expected to rise by over 350% in first 3 quarters
2017-10-12 15:37:09 [Print]
According to the financial result forecast released by China Tungsten and Hightech Material Co., Ltd. on the evening of October 11th, its net profits attributable to share holders of listed company were expected to be between RMB100 million and RMB130 million in the first 9 months of 2017, up by 353.26%-489.24% YOY; basic earnings per share were RMB0.1591-0.2068 during the period.
The company noted that affected by the global economy recovery, increased prices for tungsten products and other factors, demand for major products of the company rose during the report period. The company grasped this opportunity to adopt a series of measures and thus realized more sales for cemented carbide in the first 3 quarters of 2017 compared with those of the same period of last year with increased profitability and much better operating results on year-on-year basis.
The company noted that affected by the global economy recovery, increased prices for tungsten products and other factors, demand for major products of the company rose during the report period. The company grasped this opportunity to adopt a series of measures and thus realized more sales for cemented carbide in the first 3 quarters of 2017 compared with those of the same period of last year with increased profitability and much better operating results on year-on-year basis.
Tungsten Oxide WO3 99.95%min FOB China
Unit:USD/mtu
China tungsten concentrate producers' suspension number statistics by province by month
Unit: pcs
