Bestway Global Holding Inc. Reports Unaudited Consolidated Earnings Results for Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
August 16, 2018 at 04:31 am EDT
Bestway Global Holding Inc. reported unaudited consolidated earnings results for six months ended June 30, 2018. For the period, the company reported revenue of USD 525,102,625 compared to USD 421,625,518 a year ago. Operating profit was USD 49,412,706 compared to USD 46,116,653 a year ago. Profit before income tax was USD 46,097,875 compared to USD 44,266,801 a year ago. Profit for the period was USD 36,778,946 compared to USD 34,604,931 a year ago. Profit attributable to shareholders of the company was USD 35,679,586 compared to USD 34,955,056 a year ago. Diluted earnings per share for profit attributable to shareholders of the company for the period was USD 0.0336 compared to USD 0.0440 a year ago. Net cash generated from operating activities was USD 22,587,527 compared to USD 56,405,020 a year ago. Total capital expenditures were USD 51,487,877 compared to USD 34,995,394 a year ago. Purchases of property, plant and equipment was USD 48,236,440 compared to USD 29,098,268 a year ago. Purchase of intangible assets was USD 570,312 compared to USD 38,175 a year ago.
For the year 2018 the company announced that it is expected that the annual gross profit margin in 2018 will be similar to that in 2017.