Shares In Chinese Billionaire's Fuyao Glass Rise After It Ekes Out Profit Increase

Shanghai-listed shares in Fuyao Glass edged up 0.2% today after the big auto glass maker controlled by Chinese billionaire Cho Tak Wong said it had eked out an increase in 2012 earnings.

Net profit rose by 0.8% to 1.5 billion yuan, or $246 million yuan on growth in its contract manufacturing business.Sales last year increased by 5.8% to 10.2 billion yuan, said Fuyao, whose customers include Ford, GM and BMW, along with other large multinationals.

Read more here.

600450 Shares In Chinese Billionaire's Fuyao Glass Rise After It Ekes Out Profit Increase glassonweb.com

See more news about:

Others also read

Dr Henry Snaith of the University of Oxford has been named as one of the ten people who have made the most difference in science during 2013 in recognition of his work on next generation solar power technology.
The Education Center Erasmus MC Rotterdam has won the Rotterdam Architecture Award. From a shortlist of 25 entries, the jury has chosen the design of Claus & Kaan Architecten.
Tecglass is one of the leading companies that design and develop a range of innovative Digital Printers for the glass industry.
2013 Deep Research Report on China LOW-E Glass Industry was professional and depth research report on China Low-E Glass (LOW-Emissivity Glass) industry.
Jim Rawson, chairman of Epwin Group was awarded the Derek Bonnard Award for Excellence at the G13 Awards, held at the prestigious Park Lane Hilton, London on November 29th.
We would like to express our sincere thanks to GlassOnWeb visitors, friends, members and supporters.Thank you all so much for being a part of it!Warmest thoughts and the best wishes for Merry Christmas and a New Year filled with peace, love, joy and lasting happiness.

Add new comment