Xinyi Glass—Net Profit Drop with Shares Fell

（China Glass Network ）According to a Feb. 28 report in The Standard, shares of 

Overseas segments including North America and Europe saw a 34 percent growth in sales to HK$2.86 billion due to booming demand for automobile glass. "We expect the gross profit margin to improve as more construction projects in China start this year,"said chief financial officer Tung Ching-sai. As for the proposed spin-off of its solar glass on the Hong Kong board, the firm gave no specific timetable.

A full year dividend of 16 HK cents for 2011 was declared, down by 23.8 percent from 2010. Xinyi Glass shares closed at HK$4.52.