Goldcup: Profits in H1 down Slightly, Optimistic towards Aluminum Alloy Cable Market

(China Aluminum Network) Goldcup released half year report, the company realized 1.363 billion Yuan up 14.30% yoy; the net profit attributable to shareholders of listed companies reached 39,820 thousand Yuan down 2.36%.

The report said the company mainly manages electric equipment cable, power cable, power cable, bare conductor, electric switch, wire rod, moulds and etc. In H1 the gross profit rate of cable products was decreased slightly. But during the report period, the company‘s sales volume realized stable growth.

Goldcup expected the net profit attributable to shareholders of listed companies may reached from 68863.4 to 91817.9 thousand Yuan, growth expected to reach -10% to 20%.

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