The 1996 results of China Southern Glass Holdings Co. Ltd. were published in a notice released by the Shenzhen Stock Exchange after the market closed last Friday. The results were based on Chinese acc…
The 1996 results of China Southern Glass Holdings Co. Ltd. were published in a notice released by the Shenzhen Stock Exchange after the market closed last Friday. The results were based on Chinese accounting standards, a Southern Glass official said. For the year ended 31 December 1996, the Chinese glass operation had a turnover of Rmb 725.1 million, compared to Rmb 716.68 million in 1995. Net profit rose to Rmb 153.04 million from Rmb 134.67 million although earnings per share fell from Rmb 41 to Rmb 32. Southern Glass has proposed a 1.5-for-10 bonus issue and a cash dividend of Rmb 0.05 per share based on the 1996 net figure.