For the six months to June 30 period, Shanghai Yaohua Pilkington Glass Co., one of the major glass makers in China, posted a net profit of Yn 65.4 million, more than triple from Yn 20.1 million in the…
For the six months to June 30 period, Shanghai Yaohua Pilkington Glass Co., one of the major glass makers in China, posted a net profit of Yn 65.4 million, more than triple from Yn 20.1 million in the same period last year, the company said. In its interim report published in major securities newspapers, Shanghai Yaohua attributed the profit growth to the launch of two new glass products. In the first half, float glass production increased 50% to 147,000 tons, while sales rose 46% to Yn 386.8 million. Exports increased 73% to Yn 12.5 million. Looking to the second half, Shanghai Yaohua plans to develop its international market on China“s entry to the World Trade Organization. The company said it will focus on cutting production costs. Shanghai Yaohua has Class A and B shares listed in Shanghai. China“s class B shares are technically reserved for foreign investors.