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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