Taiwanese Hai Kwang expects its total sales profit in 2011 better than last year
Because of the stable demand from Taiwan's popular construction projects, Hai Kwang which is also one of the major rebar producers in Southern Taiwan expected its sales revenue in Q2, 2011 would stay at the same level as in Q1.
However, the rising production costs may cause Hai Kwang's Q2 sale profits to drop slightly.
Hai Kwang expected its total sales revenue will rise more than 10% in the entire 2011; also, because the scrap price level has become more stable, it helps Hai Kwang's sales profit rate to rise in 2011.
Although Hai Kwang's sales may drop slightly in Q3, the company's total sales will still have the obviously growth in 2011.
News Date 29 Jun 2011 17:24:41 reported by Johnny Lin