Zhejiang Glass, one of mainland China“s leading glass and soda ash producers, reported a turnaround from a loss in 2006 of CNY 57 million to a profit in 2007 of CNY 275.82 million (HKD 308.18 million…
Zhejiang Glass, one of mainland China“s leading glass and soda ash producers, reported a turnaround from a loss in 2006 of CNY 57 million to a profit in 2007 of CNY 275.82 million (HKD 308.18 million). Gross profit surged 237.1% to CNY 567.32 million as turnover rose 52.7% to CNY 2.32 billion. Despite reporting earnings of HKD 0.383 per share, the firm did not propose a final dividend. Zhejiang Glass plans to spend CNY 1 billion in 2008 to boost production.