Lomon Billions boosts profit forecast as TiO2 market beats expectations
Published: Tuesday, 17 October 2017
Lomon Billions has revised its profit forecasts upwards based on the rise in TiO2 prices in 2017. The company also provided updates on subsidies received from the Chinese government, and updates on fines imposed on it following environmental inspections.
Lomon Billions Group, China's largest TiO2 producer, last
week boosted its profit forecast for the first nine months of
2017, as prices for the pigment rally.
Lomon Billions raised its net profit forecast for the period
by renminbi (Rmb) 100,000, to Rmb 1.9-2.0bn, citing rising TiO2