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Home / Metal News / China Zhongwang Net Profit Up 16.5%, Driven by Aluminum Extrusion Business

China Zhongwang Net Profit Up 16.5%, Driven by Aluminum Extrusion Business

Mar 18, 2015 15:36

Source:SMM

China Zhongwang Holdings Limited posted 2.5 billion yuan () in net profit attributable to shareholders of its listed company in 2014, up 16.5% from a year ago.

SHANGHAI, Mar. 18 (SMM) – China Zhongwang Holdings Limited posted 2.5 billion yuan ($410 million) in net profit attributable to shareholders of its listed company in 2014, up 16.5% from a year ago, it said in a statement filed to the Hong Kong Exchanges and Clearing Limited.

The company attributes the increase in net profit to growing revenues from its aluminum extrusion business, which rose 11.3% on the year to 15.91 billion yuan. It sold 744,802 tonnes of aluminum extrusions, up 14.0% from 2013, its financial report showed.

The company reported 15.97 billion yuan in total revenues in 2014, up 11.6% year-on-year.

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China Zhongwang Holdings Limited

2014 FY results

For queries, please contact William Gu at williamgu@smm.cn

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