Metals News
Lead-Acid Battery Giant Camel Group Posts 46.42% Growth in H1 Profit on Rising Auto Battery Sales
company news
02:06PM
Aug 6,2014
Source:SMM

SHANGHAI, Aug. 6 (SMM) – Camel Group, a leader in China’s lead-acid battery sector, saw its net profit up 46.42%% year-on-year in the first six months, it said in the interim report filed to Shanghai Stock Exchange.

Camel Group registered a net profit of 290 million yuan ($47.04 million) in the first half. The company’s operating revenue from ignition battery rose 19.48% from a year ago to 2.25 billion yuan, contributing largely to its profit growth.

The company plans to step up its efforts in development and production of EFB and AGM batteries applied in start-stop system of alternative energy automobiles during the third quarter.
 

Camel Group
2014 H1 results
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