China Zhongwang Holdings (01333) said its net profit for the nine months ended 30 September 2014 rose 24% to RMB1,952 million.
During the period, the group's total revenue amounted to RMB12,311 million, representing a growth of 12.6%.
Gross profit increased 16.6% to RMB3,523 million, mainly due to increases in sales volume of aluminium extrusion products. The group's overall gross profit margin increased from 27.6% for the corresponding period in 2013 to 28.6%, due to the decline of aluminium ingot prices.
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