PPG Factory Buyer Fuyao Reports Gain In 2nd-Qtr Profit

Fuyao Glass Industry Group, a big China automobile and industrial glass maker that has been stepping up its investments in the U.

S. of late, has reported a double-digit increase in second-quarter profit.     Revenue by rose by 11% to 3.3 billion yuan, or $529 million, and net profit gained 28% to $93 million, according to company figures posted today.  For the first half of 2014, revenue rose by 11% to $1 billion and net profit climbed 24% to $161 million.Read more: http://www.forbes.com/sites/russellflannery/2014/07/29/ppg-factory-buyer-fuyao-reports-gain-in-2nd-qtr-profit/ Fuyao Glass Industry Group, a big China automobile and industrial glass maker that has been stepping up its investments in the U.S. of late, has reported a double-digit increase in second-quarter profit.     

Revenue by rose by 11% to 3.3 billion yuan, or $529 million, and net profit gained 28% to $93 million, according to company figures posted today.  For the first half of 2014, revenue rose by 11% to $1 billion and net profit climbed 24% to $161 million.

Read more: http://www.forbes.com/sites/russellflannery/2014/07/29/ppg-factory-buyer-fuyao-reports-gain-in-2nd-qtr-profit/

600450 PPG Factory Buyer Fuyao Reports Gain In 2nd-Qtr Profit glassonweb.com
Date: 30 July 2014
Source: www.forbes.com

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