CHINA HONGXING SPRINTS AHEAD WITH NET PROFIT SURGE OF 94.0% FOR FY2007 TO RMB416.5 MILLION
Turnover rose 44.9% to RMB2,046 million due to growth in volume sales, an augmented sales and distribution network and higher average selling prices
Gross profit margin improved from 36.9% in FY2006 to 41.1% in FY2007 as a result of improved product mix shift and greater economies of scale
Net profit surged 94.0% to RMB416.5 million on the back of higher revenue and greater operational efficiencies
Proposing a final dividend of RMB2.2 cents per ordinary share and per RCPS share
No comments:
Post a Comment