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China: Fuyao Group expects net profit boost

Autoglass producer and installer Fuyao Group Glass Industries Co Ltd said it expects its net profits to rise more than 50% in the first half of 2003 due to higher sales of its core products.
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Autoglass producer and installer Fuyao Group Glass Industries Co Ltd said it expects its net profits to rise more than 50% in the first half of 2003 due to higher sales of its core products. The listed company said it will release detailed figures in the first half annual report. China“s listed companies are required to post their first-half results between 1 July 2003 and 30 August 2003. As well as autoglass, the company produces plastic and glass frames and various plastic and rubber products. It also buys and sells materials and products from member companies and offers technical training and consulting services.

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