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SANXIA NEW BUILDING MATERIALS Delivers Strong 2009 Results

Post Time:Oct 22,2009Classify:Company NewsView:377

HUBEI SANXIA NEW BUILDING MATERIALS CO.,LTD estimated that the company would earn Net Profit of 15 million yuan, while in the same period of last year, the net profit were -73339104.31yuan, EPS-0.2129 yuan. The 3 Quarterly Bulletin showed, net profit of shareholders reached 5993998 yuan. In 3Q, the net profit were 5506521yuan, an increase of 133.97%.

The reasons told by the company about the profit's increasement as follows:
First, by influenced by a series of proactive fiscal policy of "Expanding domestic demand, maintain growth", the glass market began to warm again in the second half of this year. So the price has been risen. Main business revenue will see a significant increase. Secondly, the company is carrying out float Glass alternative-fuel transformation and has completed the technical transformation of the two float glass production lines. The transformation will reduce the production cost.

Source: GlassInChinaAuthor: shangyi

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