Innuovo expects to see profit up by over one time YOY in H1 2017
2017-07-05 17:34:16 [Print]
Innuovo announced on the evening of 4th that the company expects to see profit of RMB50-60 million in the first half of 2017, up by 122.38%-166.86% YOY.
The company expressed that its improved performance in H1 2017 was mainly due to the increased operational revenue of the motor business as well as the optimization for structure of neodymium-iron-boron products and customers which led to a year-on-year increase in gross profit rate.
The company expressed that its improved performance in H1 2017 was mainly due to the increased operational revenue of the motor business as well as the optimization for structure of neodymium-iron-boron products and customers which led to a year-on-year increase in gross profit rate.
