Sifang’s 2018 net profit is expected to increase by 9% to 32%
On the evening of January 21, Henan Sifangda Superhard Materials Co., Ltd. released 2018 annual performance forecast. It is estimated that the net profit in 2018 will be 67 million yuan to 81 million yuan, a year-on-year increase of 9% to 32%.
According to the announcement, the operating income of Sifangda super-hard composite materials and precision diamond tools business increased year-on-year, driving the company's net profit to increase year-on-year. In 2018, the company achieved operating income of approximately 371 million yuan, an increase of 18% year-on-year; non-recurring gains and losses increased the company's net profit of approximately 10.95 million yuan.
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