China Zhongwang (01333) said its net profit for the three months ended 31 March 2014 rose 1.1% year-on-year to Rmb501 million.
The revenue was Rmb3.57 billion, an increase of 11.5% from a year earlier. Gross profit grew 5% year-on-year to Rmb956 million.
The overall gross profit margin for aluminium extrusion business dropped to 26.8% for the period under review from 28.4% for the same period in 2013, which was primarily attributable to increases in other production costs (fuel and power costs etc.) during the reporting period.
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