China Zhongwang Posts 17.9% Rise in H1 Profit on Product Portfolio Adjustment-Shanghai Metals Market

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China Zhongwang Posts 17.9% Rise in H1 Profit on Product Portfolio Adjustment

Company News 11:48:38AM Aug 21, 2015 Source:SMM

SHANGHAI, Aug. 21 (SMM) –China Zhongwang Holdings Limited reported 7.89 billion yuan ($1.23 billion) in revenues during H1 2015, down from 7.95 billion yuan a year ago, it said in its interim report filed to the Hong Kong Stock Exchange. 

Despite lower revenues, the company managed to post a 17.9% year-on-year rise in profit attributable to its shareholders to 1.5 billion yuan. It attributes higher profit to product portfolio adjustment. 

Besides, it gross margin also increased from 28.2% in H1 2014 to 32.2%, its interim report showed. 

Its revenues from industrial aluminum extrusion segment totaled 7.4 billion yuan in H1 2015, down from 7.5 billion yuan a year earlier. However, its revenues from construction aluminum extrusion segment rose from 401 million a year ago to 433 million yuan.    

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.



China Zhongwang Posts 17.9% Rise in H1 Profit on Product Portfolio Adjustment

Company News 11:48:38AM Aug 21, 2015 Source:SMM

SHANGHAI, Aug. 21 (SMM) –China Zhongwang Holdings Limited reported 7.89 billion yuan ($1.23 billion) in revenues during H1 2015, down from 7.95 billion yuan a year ago, it said in its interim report filed to the Hong Kong Stock Exchange. 

Despite lower revenues, the company managed to post a 17.9% year-on-year rise in profit attributable to its shareholders to 1.5 billion yuan. It attributes higher profit to product portfolio adjustment. 

Besides, it gross margin also increased from 28.2% in H1 2014 to 32.2%, its interim report showed. 

Its revenues from industrial aluminum extrusion segment totaled 7.4 billion yuan in H1 2015, down from 7.5 billion yuan a year earlier. However, its revenues from construction aluminum extrusion segment rose from 401 million a year ago to 433 million yuan.    

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.