Aluminium extrusion profiles sales drive Minfa Aluminium’s revenue up by 11.9% YoY

The Chinese metals and mining company Fujian Minfa Aluminium Co. announced Friday, August 18, its financial results for the first six months of 2017. The Quanzhou based manufacturer and distributor of aluminium alloy extruded profiles and other products for Building-Architecture and other industries reported RMB 513 million revenues in H1 2017, up 11.9 per cent from the corresponding period previous year.

Minfa Aluminium’s net profit for the six months ended June 30, 2017, was up by 88.57 per cent year-on-year at RMB 12.93 million.

The company attributed the growth in net profit to the rising aluminium extrusion sales prices that was driven up by the buoyancy in primary aluminium prices. Revenues from aluminium formwork sales also increased driving up net profit.

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Fujian Minfa Aluminium processes and sells aluminium alloy extruded profiles for the architecture and industrial fields in China. It also exports its products to over 40 countries across the world.

The prolific product portfolio of Minfa includes sliding, casement, and insulated windows and doors, railings and shutters, curtain walls, radiating fins, aluminium formwork systems, and aluminium panels among other things.