Shineway expects earnings for the first half of 2018 to increase by 40%
China Shineway announced positive profit alert, that based on the preliminary assessment of its unaudited consolidated management accounts, the net profit for the first half of 2018 is expected to increase year-on-year by approximately 40%.
The surge in earnings is mainly attributable to the increases in average selling price and sales volume of the company's products, which in return, has resulted in the increases in revenue, gross profit, and gross profit margin year-on-year.
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