Post Time:Feb 27,2012Classify:Industry NewsView:136
Shares of Xinyi Glass Holdingsfell 5.83 percent yesterday after the company reported a sharp drop in its 2011 net profit due to a price war, according to a Feb. 28 report in The Standard. Profit attributable to shareholders fell 19.5 percent from 2010, while gross profit margin tumbled 28.6 percent due to price competition in float glass and solar glass products, according to the report.
Read more...
Share this article:Source: http://www.glassmagazine.com/news-item/commercial/xinyi-glass-reports-drop-net-profit-129376Author:
PrevSudden closure of Trainor Glass likely to cause ripple effect across industry
AAMA celebrates diamond anniversary, recognizes members for their contributionsNext