Fuyao Glass Industry Group, the auto-glass manufacturing flagship of Chinese billionaire Cho Tak Wong, said Tuesday net profit in the first three months of 2014 gained 20% from a year earlier to $76 million.
Revenue during gained 11.6% to $468 million. The company didn’t provide any analysis for the figures.
The company’s Shanghai-traded shares climbed by 2.9% after the announcement yesterday.
2014-05-02T13:00:00Chinese Billionaire Cho Tak Wong's Auto Glass Flagship Says Profit Rose In 1st Qtr glassonweb.com