Guolian’s Net Profit Expected to Balloon by 700% or More in First Half of 2017
SEAFOODNEWS.COM [SC Stock.cn] translated by Amy Zhong - July 25, 2017
Aquaculture company Guolian Aquatic's net profit attributable to shareholders is estimated to range between 70 million yuan (~ $10.4 million US) to 73 million yuan (~ $10.8 million US) in the first half of this year, according to its performance review released in mid-July. It skyrockets by around 695.8% to 729.9% compared with the same period of last year, while overall net profit has declined by 34.2% in the aquaculture industry.
There are several factors that contribute to the increase, ...
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