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Minfa Aluminum is expected to increase its net profit by 80% to 100% in the first half of the year.
Jul 8,2020 14:48CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 8: recently, Minfa Aluminum Co., Ltd. issued a pre-increase announcement on its first-half results, which is expected to achieve a net profit of 30.4718 million yuan to 33.8576 million yuan, an increase of 80.00% to 100.00% over the same period last year, and a net profit of 16.9288 million yuan in the same period last year.

The main reasons for the changes in the net profit expected to be attributed to the shareholders of the listed company are:

1. The business income of industrial aluminum profiles, building aluminum profiles and aluminum formwork increased compared with the same period last year, and profits increased accordingly.

2, the company strengthens the internal management, pays attention to the cost control, enhances the benefit;

3. The company's non-recurrent profit and loss during the reporting period was about 5.96 million yuan, an increase of 287.07% over the same period last year, mainly due to the increase in government subsidies. The amount of government subsidies received during the reporting period was about 5.22 million yuan.

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Minfa Aluminum Industry
net profit

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