Minfa Aluminum Net Profit Falls 23.03% in 2014 on Cooling Property Market

Published: Feb 25, 2015 10:55

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Fujian Minfa Aluminum Inc. posted a 23.03% fall in net profits attributable to shareholders of its listed company to 35.48 million yuan ($5.76 million).

SHANGHAI, Feb. 25 (SMM) – Fujian Minfa Aluminum Inc. posted a 23.03% fall in net profits attributable to shareholders of its listed company to 35.48 million yuan ($5.76 million), it said in a statement filed to the Shenzhen Stock Exchange.

The company blamed lower net profits mainly on cooling property market. It reported 1.32 billion yuan in revenues, up 13.89%, thanks to increasing output and sales volumes, it said.

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Fujian Minfa Aluminum Inc.2014 FY results

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