Shanghai Lonyer Fuels Co., Ltd. Provides Earnings Guidance for 2017
January 16, 2018
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Shanghai Lonyer Fuels Co., Ltd. provided earnings guidance for 2017. For the period, the company predicts an increase of between RMB 30 million and RMB 40 million in its net profit owned by shareholders of the listed company compared with the same period of the year before, a year-on-year increase of between 110% and 146%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 40 million and RMB 50 million compared with the same period of the year before, a year-on-year increase of between 82% and 103%.
Shanghai Lonyer Data Co Ltd, formerly Shanghai Lonyer Fuels Co Ltd, is a China-based company mainly engaged in data center (IDC) business and bulk commodity trading business. The IDC business provides Internet infrastructure services, cloud computing and big data platform services. Commodity trading business includes petrochemical trade and non-ferrous metal trade. Petrochemical trade includes refined oil, fuel oil, methanol, and ethylene glycol. The Company operates its business in domestic and overseas markets.