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Shares In Chinese Billionaire's Fuyao Glass Rise After It Ekes Out Profit Increase

Post Time:Mar 21,2013Classify:Industry NewsView:107

Shanghai-listed shares in Fuyao Glass edged up 0.2% today after the big auto glass maker controlled by Chinese billionaire Cho Tak Wong said it had eked out an increase in 2012 earnings. 

Net profit rose by 0.8% to 1.5 billion yuan, or $246 million yuan on growth in its contract manufacturing business. Sales last year increased by 5.8% to 10.2 billion yuan, said Fuyao, whose customers include Ford, GM and BMW, along with other large multinationals.

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Source: http://www.glassonweb.com/news/index/18618/Author:

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