Lihua Int'l (LIWA) Reaffirms FY12 Outlook
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Lihua International, Inc. (Nasdaq: LIWA) has reiterated its guidance for the 12-months ending December 31, 2012.
Based on the anticipated ramp of production on the Company's newly launched copper anode smelters, Lihua currently expects gross profit of $84 to $87 million, representing year-over-year growth of 11 to 15%, and non-GAAP net income of $54 to $57 million, or 8% to 14% growth over 2011.
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Based on the anticipated ramp of production on the Company's newly launched copper anode smelters, Lihua currently expects gross profit of $84 to $87 million, representing year-over-year growth of 11 to 15%, and non-GAAP net income of $54 to $57 million, or 8% to 14% growth over 2011.
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