CMST Development Co., Ltd. Provides Preliminary Earnings Guidance for the First Quarter of 2017
April 06, 2017
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CMST Development Co. Ltd. provided preliminary earnings guidance for the first quarter of 2017. The company predicts a decrease of about 80% in the net profit belonging to shareholders of the listed company in the first quarter of 2017 compared with the same period of the year before (RMB 229.23 million). It is predicted that the net profit belonging to shareholders of the listed company in the 1st quarter of 2017 after excluding extraordinary profit and loss will be about RMB 27 million. The company turns losses into gains compared with the same period of the year before a loss of RMB 4.27 million.
CMST Development Co Ltd is a China-based company mainly engaged in warehousing and logistics business. The Company conducts business through two segments. The Logistics Business segment is engaged in the construction and operation of transportation platforms and comprehensive services of warehousing and logistics infrastructure, including comprehensive warehousing services, futures and spot delivery services, and international freight forwarding services. The Commodity Circulation Business segment focuses on the steel, nonferrous metals, rubber and plastics, and coal industries, providing supply chain integrated services integrating trade, logistics, and finance. The Company mainly conducts its business in the domestic market.