March 10 (Bloomberg) -- Fuyao Group Glass Industries Co. said 2009 net income rose 354 percent to 1.1 billion yuan as the company cut costs, according to a filing to Shanghai’s stock exchange. Sales last year increased 6.3 percent to 6.08 billion yuan, according to the statement.
The maker of glass for automobiles said it targets sales of 6.94 billion yuan this year, according to the statement.
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2010-03-10T12:00:00Fuyao Group Glass 2009 Net Income Rises 354% To 1.1 Billion Yuan glassonweb.com