Rising Auto Sales Help Lift Profit At Chinese Billionaire’s Glass Maker

Double-digit growth in car sales in China, the world’s motor vehicle market, in the first half of the year helped to lift profit of one of the country’s biggest glass makers in the first half of the year.     

Shares in Fuyao Glass Industry Glass, one of the world’s largest makers of glass used in automobiles, gained 0.7% on Friday at the Shanghai Stock Exchange after the company said net profit in the first six months of the year climbed by 14% to 842.6 million yuan, or $137 million.

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