Da Ming International (01090) said the sales volume and processing volume of the stainless steel processing services of the Group for the period from 1 January 2018 to 31 March 2018 amounted to 395,973 tonnes and 610,833 tonnes respectively, an increase of about 5.5% and 14.8% as compared with the same period last year.
The sales volume and processing volume of the carbon steel processing services of the Group for the period from 1 January 2018 to 31 March 2018 amounted to 401,718 tonnes and 405,203 tonnes respectively, an increase of about 18.7% and 33.4% as compared with the same period last year.
The Group recorded an unaudited net profit of about Rmb20.8 million for the three months ended 31 March 2018, a decrease of about 50.7% as compared with the same period last year. The decrease in unaudited net profit was mainly due to the increase in selling expenses and financial costs.