01 NOVEMBER 2017AlCircle.com
China Zhongwang’s revenues and profit increase in Q3 2017
Edited by : Heena Iqbal
1 min read
China Zhongwang, world’s leading aluminium extrusions product manufacturer, yesterday announced its third quarter results. The company posted an increase in profit and revenues during the third quarter of 2017. The increase was due to the higher aluminium prices.
China Zhongwang’s revenues in Q3 2017 stood at 5.39 billion yuan, up 12.5 per cent from 4.791 billion yuan last year, according to Reuters report.
The company reported net income of 1.08 billion yuan ($163 million) for the third quarter of 2017, up from 1.07 billion yuan last year.
The company’s total sales were reported at 204,170 tonnes for the mentioned period, down 6.9 per cent.
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