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SinoCoking Releases Preliminary Q4 Financial Result Guidance

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SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq: SCOK), a vertically integrated producer of clean energy products located in Henan Province, today released preliminary guidance on certain aspects of its Q4 financial results. The company reported that it was able to reduce its overall cost of goods sold (COGS) by approximately 10% in Q4 as compared with Q3, and was able to reduce syngas COGS by approximately 15% from Q3 to Q4. The selling price for the company' syngas remained stable quarter to quarter, resulting in the company's gross profit in Q4 increasing by approximately 27% over Q3. Please note that the estimates described herein have not yet been audited and may be subject to change.

For additional information on SinoCoking, please go to http://www.scokchina.com or refer to the company's periodic reports filed with the Securities and Exchange Commission (http://www.scokchina.com/sec-filings.html). Investors wishing to receive SinoCoking's corporate communications as they become available may go to the company's Investor Relations site (http://www.scokchina.com/corporate-overview.html) and register under Email Alerts.

Also, investors may submit questions directly to Mr. Lv and his staff to receive non-confidential information about the company's operations and products at the company's "Ask Management" blog (http://www.scokchina.com/ask-management.html).

Posted-In: News Guidance

 

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