Atlantic China Welding Consumables, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:01 pm EDT
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Atlantic China Welding Consumables, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 546.809 million compared to CNY 730.883 million a year ago. Operating loss was CNY 2.871 million compared to operating Income of CNY 15.465 million a year ago. Net loss was CNY 2.804 million compared to net income of CNY 8.381 million a year ago. Basic loss per share from continuing operations was CNY 0.0031 compared to basic earnings per share from continuing operations of CNY 0.0093 a year ago.
Atlantic China Welding Consumables Inc is a company mainly engaged in the research and development (R&D), production and sales of welding materials products. The Company's products include welding rods, welding wires, such as solid wires, flux cored wires and non-ferrous wires, and fluxes and welding materials ore raw materials. The Company's products are used in the production of daily necessities, infrastructure construction and major equipment manufacturing. The Company's products are exported to many countries and regions, such as Kazakhstan, Kyrgyzstan, kazalman, Tajikistan, Tanga, Pakistan, Karachi, etc.
ATLANTIC CHINA WELDING CONSUMABLES, INC. 